November 30 2020, David R Brown
Univar to acquire Chinese silicone distribution business
Univar Solutions says it wholly owned subsidiary, Univar Solutions China Co. Ltd., has agreed to acquire the coatings, adhesives, sealants and elastomers (CASE) business of Zhuhai Techi Chem Silicone Industry Corporation (Guangdong, China), a distributor of specialty silicone solutions to the Chinese market. The agreement is expected to close in mid-December. Terms of the transaction were not disclosed.
Our customers throughout China will benefit from Techi Chem's strong relationship with the leading global silicone supplier as well as Univar Solutions’ global silicone expertiseNick Powell
President EMEA & APAC for Univar Solutions
The deal aligns with Univar Solutions' global approach to its dedicated end market verticals and will provide new opportunities for growth by bringing differential value to customers and suppliers within the CASE market. With a focus on offering innovative solutions to meet market needs and trends, Univar Solutions reportedly intends to deliver a consistent global approach across key industries through a worldwide footprint of industry-leading capabilities, technical Solution Centers, and market knowledge, as well as a premier line of products and comprehensive solutions.
“Univar Solutions has the capability to consistently provide our suppliers and customers with added value services to assist in their pursuit of growth and we are very excited to add the depth and breadth of Techi Chem's leading specialty silicone solutions within the China marketplace,” said Nick Powell, president, Specialty Chemicals and Ingredients and president EMEA & APAC for Univar Solutions. “Our customers throughout China will benefit from Techi Chem’s strong relationship with the leading global silicone supplier as well as Univar Solutions’ global silicone expertise and network of technical Solutions Centers that will provide comprehensive solutions for the Chinese market.”
Techi Chem was founded in 2001 and is known for an extensive product and service offering within silicones, and a strong logistics footprint in China, according to Univar.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global chemical and ingredient distributor and provider of value added services to customers across a wide range of industries. With the industry's largest private transportation fleet and North American sales force, a vast supplier network, deep market and regulatory knowledge, world-class formulation and recipe development, unparalleled logistics know-how, and industry-leading digital tools, Univar Solutions is a committed ally to customers and suppliers, helping them anticipate, navigate, and leverage meaningful growth opportunities.
Source(s): Univar Solutions Press release