January 23 2023, David R Brown
Univar Solutions acquires leading Turkish Distributor, Kale Kimya
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions"), a leading global solutions provider to users of specialty ingredients and chemicals, announced today that it has signed an agreement to acquire leading Turkish specialty chemicals distributor Kale Kimya.
This acquisition further progresses our strategy to grow our Ingredients and Specialties business with a leading company that builds on and adds to our strengths, geographic footprint and product portfolio
Nick Powell
President of Global Ingredients & Specialties, Univar Solutions
Founded in 1975, Kale Kimya plays a key role in the chemical industry supply in Turkey and over 30 export countries. The company provides formulation laboratory capabilities and technical expertise to support an extensive product portfolio of beauty and personal care products, and home and industrial cleaning products, including surfactants, actives, emulsifiers, preservatives, UV filters, fragrances, polymers, conditioners, esters and emollients. The company also provides solutions for water treatment (pool chemicals), adhesives, emulsion polymerisation and textile markets.
“This acquisition further progresses our strategy to grow our Ingredients and Specialties business with a leading company that builds on and adds to our strengths, geographic footprint and product portfolio,” said Nick Powell, president of Global Ingredients & Specialties. “I am delighted to soon welcome Kale Kimya to the Univar Solutions family. Their experience and knowledge will support our customers in the region, as we continue to capitalize on changing consumer trends in the marketplace.”
Birgen Kaleağası Özemre, CEO, Kale Kimya, said: “This acquisition is a great fit between two companies that share market-leading reputations, expert technical support, a spirit of innovation and relentless dedication to exceptional customer service. This will support the growth of our people and products even further, and I look forward to becoming a unified company with Univar Solutions.”
Terms of the transaction were not disclosed. Closing of the acquisition is subject to certain regulatory approvals and is expected to be completed within Q1 2023.
About Univar Solutions
Univar Solutions is a leading global commodity and specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and technical sales force, unparalleled logistics know-how, deep market and regulatory knowledge, formulation and recipe development, and leading digital tools, the Company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. In 2021 Univar reported revenues of USD 9,536 million and had 9,450 employees.
Source(s): Univar Solutions Press Release