2010 10 PR Univar to Acquire Basic Chemical ... - Univar Canada
2010 10 PR Univar to Acquire Basic Chemical ... - Univar Canada
2010 10 PR Univar to Acquire Basic Chemical ... - Univar Canada
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<strong>PR</strong>ESS RELEASE<br />
<strong>Univar</strong> <strong>to</strong> <strong>Acquire</strong> <strong>Basic</strong> <strong>Chemical</strong> Solutions<br />
REDMOND, Wash. and REDWOOD CITY, Calif. – Oc<strong>to</strong>ber 12, <strong>20<strong>10</strong></strong> – <strong>Univar</strong> Inc., a leading<br />
global chemical distribu<strong>to</strong>r, and <strong>Basic</strong> <strong>Chemical</strong> Solutions, L.L.C. (BCS), a global distribu<strong>to</strong>r and<br />
trader of commodity chemicals, announced <strong>to</strong>day that they have signed a definitive agreement for<br />
<strong>Univar</strong> <strong>to</strong> acquire BCS. The acquisition is expected <strong>to</strong> close in the first quarter of 2011, subject <strong>to</strong><br />
cus<strong>to</strong>mary closing conditions.<br />
BCS is a global distribu<strong>to</strong>r of a select list of basic commodities with a unique integrated<br />
distribution model, combining bulk and mini-bulk chemical distribution with a global procurement<br />
and trading platform. The acquisition will enhance <strong>Univar</strong>’s ability <strong>to</strong> provide value in the supply<br />
chain between the company and chemical end-users and strengthen the company’s global<br />
sourcing capabilities.<br />
"We are extremely pleased <strong>to</strong> announce this combination with <strong>Basic</strong> <strong>Chemical</strong> Solutions,” said<br />
John Zillmer, President and CEO of <strong>Univar</strong>. “Mark Byrne and his leadership team have a proven<br />
track record and we are excited about them joining <strong>Univar</strong>. We expect this <strong>to</strong> provide<br />
considerable benefit for our cus<strong>to</strong>mers and suppliers.”<br />
“Our long-standing supplier relationships, global sourcing capability and mini-bulk services<br />
provide a perfect complement <strong>to</strong> <strong>Univar</strong>’s global operations,” said Mark Byrne, CEO of BCS. “The<br />
combination will create synergies by providing enhanced services for our cus<strong>to</strong>mers, better<br />
geographical coverage and improved economies of scale.”<br />
About <strong>Basic</strong> <strong>Chemical</strong> Solutions<br />
<strong>Basic</strong> <strong>Chemical</strong> Solutions (BCS) is a U.S.-based global distribu<strong>to</strong>r and trader of commodity<br />
chemicals. With roots dating back almost 50 years, BCS has established a worldwide<br />
infrastructure with 29 offices in 15 countries on 4 continents, and another 46 owned or contracted<br />
chemical terminal locations. BCS’ focus on inorganic mineral acids and bases includes some of<br />
the most broadly used chemicals in the world such as caustic soda, bleach and sulfuric and<br />
<strong>Univar</strong> press release 1/2
hydrochloric acid. BCS’ core product line is augmented in the U.S. by the Performance <strong>Chemical</strong><br />
Division and internationally by the availability of a range of other chemical intermediates. In 2009,<br />
BCS reported sales of $889 million. For more information, visit: www.basicchem.com.<br />
About <strong>Univar</strong><br />
<strong>Univar</strong> is one of the world’s leading distribu<strong>to</strong>rs of industrial and specialty chemicals. <strong>Univar</strong><br />
represents over 2,500 chemical producers and provides its cus<strong>to</strong>mer base, made up of 80,000<br />
cus<strong>to</strong>mers, with a full portfolio of products. <strong>Univar</strong> operates a network of 179 facilities in North<br />
America, Europe, the Asia-Pacific region, and Latin America, with additional sales offices located<br />
in Eastern Europe, the Middle East, and Africa. In 2009, <strong>Univar</strong> reported sales of $7.2 billion. For<br />
more information, visit: www.univar.com.<br />
-Ends-<br />
For further information, please contact:<br />
John Ederer<br />
Vice President, Global Communications & Inves<strong>to</strong>r Relations<br />
<strong>Univar</strong> Inc.<br />
T +1 (425) 889-3601<br />
M +1 (425) 894-5873<br />
john.ederer@univarcorp.com<br />
Craig Wien<br />
Chief Financial Officer<br />
<strong>Basic</strong> <strong>Chemical</strong> Solutions, L.L.C.<br />
T +1 (650) 722-2969<br />
cwien@basicllc.com<br />
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