TAGS: Perfumes & Fragrances Sun Care
Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company") announced that it has completed the acquisition of Turkish specialty chemicals distributor Kale Kimya.
Builds on Strong Existing Specialty Presence in the Turkish Region
Univar Solutions president and CEO, David Jukes, said,
"Our investment in Kale Kimya builds on our strong existing specialty presence in the Turkish region, and supports our plan to be a leading specialty chemical distributor in the broader EMEA region."
"This acquisition brings opportunities to extend our supplier and customer relationships, improve our portfolio and expand our services within our Life Sciences and Industrial Solutions verticals," said Nick Powell, president of Global Ingredients & Specialties for Univar Solutions. "This is an important step to continue to be at the forefront of changing trends in the marketplace as well as the evolving needs of customers."
Kale Kimya is one of the leading regional specialty chemicals distributors that is a well-known leader in the Beauty and Personal Care and Home and Industrial Cleaning markets. The company offers best-in-class formulation laboratory capabilities and technical expertise as well as 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. It also exports outside of Türkiye.
Birgen Kaleağası Özemre, CEO, of Kale Kimya, said,
"We see tremendous growth opportunity for our people, customers, and suppliers as part of Univar Solutions. "The Kale Kimya distribution team looks forward to working alongside the Univar Solutions team to unlock our full potential together, while our broader Kale Care chemicals will continue to focus on production."
Terms of the transaction were not disclosed.
Source: Univar Solutions
