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Univar

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Latest Press Releases

  • Univar Announces Pricing of Sale of 10,000,000 Shares of Common Stock by Clayton, Dubilier & Rice LLC

    15 Dec 2017

    DOWNERS GROVE, ILL. – December 15, 2017 – Univar Inc. (NYSE:UNVR) (“Univar”) announced today the pricing of the previously announced public offering of 10,000,000 shares of Univar’s common stock (representing approximately 7.1% of its issued and outstanding shares) by investment funds affiliated with Clayton, Dubilier & Rice LLC (“CD&R”), to Goldman Sachs & Co. LLC, as the sole underwriter in the registered public offering of those shares, at a price to the public of $28.79 per share.  The offering is expected to close and settle on December 19, 2017. CD&R will receive all of the net proceeds from this offering. No shares are being sold by Univar.  Following the offering, CD&R will own 11,561,039 shares of Univar’s common stock.

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  • Univar Announces Sale of 10,000,000 Shares of Common Stock by Clayton, Dubilier & Rice LLC

    14 Dec 2017

    DOWNERS GROVE, ILL. – December 14, 2017 – Univar Inc. (NYSE:UNVR) (“Univar”) announced today the sale of 10,000,000 shares of Univar’s common stock (representing approximately 7.1% of its issued and outstanding shares) by investment funds affiliated with Clayton, Dubilier & Rice LLC (“CD&R”), to Goldman Sachs & Co. LLC, as the sole underwriter in the registered public offering of those shares.  CD&R will receive all of the net proceeds from this offering. No shares are being sold by Univar.  Following the offering, CD&R will own 11,561,039 shares of Univar’s common stock. 

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  • Univar Announces Resolution of Canadian Tax Disputevvvv

    14 Dec 2017

    DOWNERS GROVE, Ill., December 14, 2017 — Univar Inc. (NYSE:UNVR) (“Univar”) a global chemical and ingredient distributor and provider of value-added services, announced today that the Canada Revenue Agency did not file an appeal to challenge the Federal Court of Appeal’s judgement issued on October 13, 2017 in Univar’s favor.  The Federal Court of Appeal dismissed a previously disclosed assessment of withholding taxes and interest related to restructuring activities from the 2007 acquisition of Univar by investment funds advised by CVC Capital Partners.

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  • Univar Acquires Kemetyl Industrial Chemicals

    08 Dec 2017

    DOWNERS GROVE, Ill. and MALMO, Sweden — December 8, 2017 — Univar Inc. (“Univar”) announced today that its wholly owned subsidiaries Univar AB in Sweden and Univar AS in Norway have reached an agreement to acquire Kemetyl Industrial Chemicals (“Company”),  a division of the Kemetyl Group.  The Company generates approximately $30 million in annual sales.  The acquisition is expected to close in early 2018.

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  • Univar Announces Repricing and Maturity Extension of Term Loan B Facility

    28 Nov 2017

    DOWNERS GROVE, IL., November 28, 2017 — Univar Inc. (NYSE:UNVR) (“Univar”) announced today that it and its wholly-owned subsidiary, Univar USA Inc. (“Company”), have  entered into an Amended Credit Agreement with Bank of America N.A. and other lenders to provide a new Term B loan facility in an aggregate principal amount of $2.28 billion, which replaces all of the Company’s U.S. dollar loans and $96.3 million of euro loans outstanding under its previous credit agreement dated July 1, 2015.

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  • Univar Goes Digital with Annual Sustainability Report

    27 Nov 2017

    DOWNERS GROVE, ILL., November 27, 2017 — Univar Inc. (NYSE: UNVR) (“Univar”), a global chemical and ingredient distributor and provider of value-added services, continues its commitment to operating with minimum impacts on the environment and society with the release of its 2016 Sustainability Report. The Company believes that as a responsible corporate citizen, it must continually analyze its performance, improve on execution and build from the progress it has made to date reducing waste and energy consumption, supporting local communities and strengthening its commitment to safety.

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  • Univar Announces Refinancing of Senior Secured Term Loans

    14 Nov 2017

    DOWNERS GROVE, Ill. – November 14, 2017 – Univar Inc. (NYSE:UNVR) (“Univar”) a global chemical and ingredient distributor and provider of value-added services, announced today a potential leverage neutral refinancing of its senior secured term loans.  This refinancing is intended to reduce interest expense and extend those loans beyond their current July 2022 maturity date.

    The consummation of the potential refinancing is subject to completion of definitive agreements as well as market and other conditions.  There can be no assurance that the refinancing will occur, or, if it does, as to the terms or conditions of the refinancing.

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  • Univar Reports 2017 Third Quarter Financial Results

    03 Nov 2017

    DOWNERS GROVE, Ill. – November 3, 2017 – Univar Inc. (NYSE: UNVR) (“Univar”), a global chemical and ingredient distributor and provider of value-added services, announced today its financial results for the third quarter ended September 30, 2017.

    Univar reported net income of $38.9 million, or $0.28 per share, compared to a net loss of $63.0 million, or ($0.46) per share, in the third quarter of 2016. Adjusted earnings per share increased 38.5 percent to $0.36 per share from $0.26 per share in the prior year third quarter.

    Adjusted EBITDA grew 4.2 percent to $152.0 million from $145.9 million in the third quarter last year. The EMEA and Rest of World segments in aggregate increased Adjusted EBITDA 20.1 percent as a result of improved sales force execution, strong operating expense management, and positive reported currency movements. USA segment Adjusted EBITDA was essentially flat with the prior year as improvements in the Company's sales force effectiveness and operating efficiency were offset by transitory impacts from Hurricanes Harvey and Irma. The Company estimates the hurricane impact on its third quarter Adjusted EBITDA from lost customer sales and supply disruptions, net of pre-buying by certain customers, was roughly $6 million. Despite these challenges, all segments grew gross profit for the first time in 13 quarters. Gross margin expanded 30 basis points to 22.2 percent and Adjusted EBITDA margin increased 10 basis points to 7.4 percent.

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  • Customers Benefit From LEED Compliant, Naturally-Derived, Pine-Based Chemicals

    23 Oct 2017

    DOWNERS GROVE, Ill., October 23, 2017 — Univar Inc. (NYSE: UNVR) (“Univar”), a global chemical and ingredient distributor and provider of value-added services, along with Kraton Corporation, announced a select distribution agreement for tall oil-based UNIDYME™ dimer acids, CENTURY™ specialty fatty acid products, key products from the SYLVACOTE™ insoluble maleics, SYLVAROS™ tall oil rosin and rosin soaps, SYLVABLEND™ specialty dimer, and CENWAX™ product lines. Customers will enjoy the combined value created from the world’s largest pine chemicals producer and the largest North American chemical distributor. 

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  • Univar Inc. to Report 2017 Third Quarter Financial Results on November 3

    09 Oct 2017

    DOWNERS GROVE, Ill. – October 9, 2017 – Univar Inc. (NYSE: UNVR) (“Univar”) announced today it plans to report financial results for the third quarter of fiscal 2017 on Friday, Nov. 3, 2017.

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