The world renowned distributor of chemistry and related services, Univar Inc., disclosed that it had concluded the purchase of the leading supplier of commodity chemicals in Mexico, Quimicompuestos. The provisions of the purchase were not divulged.
Quimicompuestos have a solid relationship with more than 50 main suppliers. It brings more than 100 products to over 4,500 customers in 25 consumers. It is well-situated in Mexico with a countrywide distribution set-up and high skilled in emerging markets.
Univar's President and Chief Executive Officer Erik Fyrwald related, "We are extremely pleased to announce the acquisition of Quimicompuestos."
Mr. Fyrwald further detailed, "Quimicompuestos provides a strong commodity business with reach throughout Mexico and is a recognized leader in key industries driving the region's growth including those like Oil & Gas and Coatings & Adhesives. The combination provides a platform for future growth and enables us to offer our customers and suppliers the complete, end-to-end value proposition with both specialty chemical and commodity offerings."
While President and Chief Executive Officer of Quimicompuestos, Edmundo Sillas Vidal commented, "Univar is an excellent partner for Quimicompuestos. The combination will create many synergies by providing enhanced services for our customers, access to a broader base of chemical manufacturers and products, and opportunities to leverage the global capabilities of Univar."
Join the Conversation