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Univar

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Latest Press Releases

  • 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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  • ChemPoint Launches Website Highlighting Dow Adhesives

    05 Oct 2017

    BELLEVUE, Wash., October 5, 2017 — ChemPoint.com, a subsidiary of Univar Inc. (NYSE: UNVR), and a leader in the marketing, sales, and distribution of specialty and fine chemicals, launched of a new website: LaminatingAdhesiveProducts.com. The new site, developed in collaboration with The Dow Chemical Company (Dow), makes buying Dow’s laminating adhesive products, heat seal coatings, cold seal adhesives, and primers easier than ever. The site is designed to help customers educate themselves on the many offerings available to them, gain access to technical information, and learn about the optimum solution for their needs.

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  • Univar Acquires Tagma Brasil

    21 Sep 2017

    DOWNERS GROVE, Ill. and SÃO PAULO, Brazil, September 21, 2017 — Univar Inc. (NYSE: UNVR) (“Univar”) announced today that its wholly owned subsidiary Univar Brasil Ltda. has acquired the stock of Tagma Brasil Ltda. ("Tagma").

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  • Univar Statement Regarding Hurricane Harvey Impact

    29 Aug 2017

    DOWNERS GROVE, Ill., August 29, 2017 — Univar Inc. (NYSE: UNVR) (“Univar”), a global chemical and ingredients distributor and provider of value-added services, shared today its initial assessment of impacts of Hurricane Harvey to its business.

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  • Univar and Kudos Blends Expand Relationship to Provide Solutions to the Food Ingredients Market

    10 Aug 2017

    LONDON, August 10, 2017 — Univar BV, a subsidiary of Univar Inc. (NYSE: UNVR) (“Univar”), a global chemical and ingredients distributor and provider of value-added services, has extended its distribution agreement with Kudos Blends to cover the Pell™ brand of innovative raising agents, including sodium reduction solutions. The exclusive agreement spans all countries in Europe.

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  • Univar Reports 2017 Second Quarter Financial Results

    04 Aug 2017

    DOWNERS GROVE, Ill. – August 4, 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 second quarter ended June 30, 2017.

    Univar reported net income of $31.3 million, or $0.22 per share, compared to net income of $39.8 million, or $0.29 per share, in the second quarter of 2016. Net income for the second quarter 2017 included $11.5 million, or $0.06 per share, in U.S. transformation costs and a loss of $10.8 million, or $0.06 per share, for movements in the U.S. dollar value of foreign currency denominated loans and monetary balances, and mark-to-market impacts related to hedging contracts. The prior year second quarter included a gain of $0.04 per share for the same items.

    Adjusted EBITDA grew 8.6 percent to $160.9 million from $148.2 million in the second quarter last year as a result of improvements in the Company's sales force effectiveness, margin management and business mix. Adjusted EBITDA margin expanded 60 basis points to 7.2 percent and Adjusted EBITDA margin increased across all segments. In the USA segment, improvements in the Company's sales force execution and operating discipline drove a 10.6 percent increase in Adjusted EBITDA.

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  • Univar Inc. Appoints Rhonda Germany Ballintyn as Independent Director

    03 Aug 2017

    DOWNERS GROVE, Ill., August 3, 2017 — Univar Inc. (NYSE: UNVR) (“Univar”), a global chemical and ingredients distributor and provider of value-added services, announced that its board of directors has appointed Rhonda Germany Ballintyn as an independent director, effective August 1.

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