Univar Solutions Confirms Preliminary Indication of Interest from Brenntag SE
DOWNERS GROVE, Ill., Nov. 25, 2022 /PRNewswire/ — Univar Solutions Inc. (NYSE: UNVR) (“Univar” or “the Company”), a leading global solutions provider to users of specialty ingredients and chemicals, today confirmed that it has received a preliminary indication of interest from Brenntag SE regarding a potential transaction. The Company does not intend to make any additional comments regarding this matter unless and until it is appropriate to do so.
About Univar Solutions
Univar Solutions (NYSE: UNVR) 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. While fulfilling its purpose to help keep communities healthy, fed, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Growing Together. Learn more at www.univarsolutions.com.
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and predictions for the future, which are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo Solutions, Inc., or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company’s filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek, “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law. There can be no assurance that any agreement will be reached between Univar and Brenntag SE with respect to a potential transaction.
SOURCE Univar Solutions Inc.
Univar Solutions Inc. (“Univar Solutions”) (NYSE: UNVR) today confirmed it has received a preliminary indication of interest from Brenntag SE (“Brenntag”) to acquire Univar Solutions. There can be no assurance that any agreement will be reached or that this transaction will be completed.
Univar Solutions is a global chemical and ingredient distributor and provider of value-added services, working with customers across a wide range of industries to help them meet their needs. We have a diversified product portfolio and comprehensive service offering that touch many industries, including cleaning, food and beverage, health and nutrition, pharmaceuticals, personal care, resin and coatings, and water.
Headquartered in The Woodlands, Texas, Univar Solutions has a global reach with approximately 155 locations in 37 countries and 9,300 employees across the world.
Brenntag is the global market leader in full-line chemical distribution. Headquartered in Essen, Germany, the company operates a network of over 470 locations in 74 countries with more than 16,000 employees. Brenntag provides products and services to more than 160,000 customers.