News Article 2021

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December 1 2021, David R Brown

Univar Solutions acquires ingredients distributor Sweetmix Distribuidora to expand Food and CASE portfolio in Brazil

Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions"), a global chemical and ingredient distributor and provider of value-added services, has acquired Sweetmix Distribuidora de Matérias Primas Industriais Ltda ("Sweetmix"), one of the leading distributors in Brazil of ingredients and specialty chemicals. Bringing together both new customers and suppliers as well as agreements with existing Univar Solutions' suppliers, Sweetmix significantly enhances the Company's specialty food ingredients offering in Latin America. Terms of the transaction were not disclosed.

Our acquisition of Sweetmix represents an exciting opportunity to accelerate our growth in the Food Ingredients distribution space in Brazil

Nick Powell
President, Ingredients & Specialties for Univar Solutions

“Our acquisition of Sweetmix represents an exciting opportunity to accelerate our growth in the Food Ingredients distribution space in Brazil and enhance the value we offer to global suppliers and local customers through a versatile range of ingredients,” said Nick Powell, President, Ingredients & Specialties for Univar Solutions. “Consistent with our strategy to expand Ingredients & Specialties and drive shareholder value creation, we expect this transaction to build on existing successful supplier relationships, and deliver growth, cost synergies, and margin improvement.”

Founded in 1994, Sweetmix Distribuidora is a pioneer in the introduction of sweeteners and other ingredients in Brazil. The company's history has been guided by growth and innovation in solutions that meet the most diverse demands of the market. Sweetmix is organized in four divisions – Food, Pharmaceutical, Animal Health and Industrial Chemicals.

Earlier in the year, Sweetmix formally separated their Distribution and Production divisions through a spin-off. Sweetmix continued with the production of premixes, while the distribution divisions became part of a new legal entity, Sweetmix Distribuidora. Consequently, Univar Solutions acquisition of Sweetmix Distribuidora does not include Sweetmix.

Amaury Toledo, co-founder of Sweetmix, said: “We are delighted to join the team at Univar Solutions and expand the reach of our innovative solutions and ingredients for diverse markets. With Univar Solutions' scale, digital infrastructure, world-class technical network, and strong supplier relationships, we will be well-positioned to accelerate our mission and continue to provide customers with differentiated, high-quality products backed by specialized, technical service.”

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. In 2020 Univar reported revenues of USD 8,265 million and had 9,457 employees.

Source(s): Univar Solutions Press Release

Further Information

Visit: https://www.univarsolutions.com