September 5 2023, David R Brown
Univar Solutions increases product portfolio and services in Eastern Canada with acquisition of FloChem Ltd
Univar Solutions Inc., a leading global solutions provider to users of specialty ingredients and chemicals, have acquired FloChem Ltd. and certain affiliates, an industry leader in the distribution of chemicals and related dispensing systems in Eastern Canada. The acquisition gives Univar access to new market segments, increased market position for key in-demand products, and new service capabilities.
This acquisition demonstrates our continued focus on our growth strategy and strategic imperatives to drive success now and into the futureDavid Jukes
President and CEO of Univar Solutions
FloChem is a distributor of commodity and specialty chemical solutions from North American manufacturers, including caustic soda, hydrochloric acid, phosphoric acid, hydrogen peroxide, bleach and sulfuric acid. Other offerings include products serving a variety of disinfectant and cleaning formulations in wastewater and water treatment; pool and spa; mini-bulk offerings; and food and beverage.
“As an industry leader in chemical distribution and dispensing systems, FloChem is uniquely positioned within our Canadian market to expand our bulk chemical distribution (BCD) network while expanding our access to some of the most widely used industrial chemicals and services” said David Jukes, president and CEO of Univar Solutions. “This acquisition demonstrates our continued focus on our growth strategy and strategic imperatives to drive success now and into the future.”
FloChem also offers a variety of value-added services, including bespoke formulations/blends, custom packaging, and bulk freight service through a dedicated private fleet of trucks and tanker trailers.
“We couldn't be more pleased to join a leading global solutions provider that aligns so well with our company, our values, and our culture,” said Terry Tucker, CEO and president for FloChem. “This agreement represents a great step toward increased collaboration with our customers and supply chain partners to offer value-added products, solution-driven initiatives, and innovative new processes.”
Terms of the transaction were not disclosed.
About Univar Solutions
Univar Solutions is a leading global 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 2022 Univar reported revenues of USD 11,475 million and had 9,476 employees.
Source(s): Univar Solutions Press Release