Tag Archives: Divestment

IMCD to divest Nutri Granulations Business in the U.S.

March 10, 2021 Guenther Eberhard Leave a comment

International Distributor finds new Owner for Manufacturing Facility in California

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced that it has reached an agreement to sell its Nutri Granulations manufacturing asset and associated business to Huber Engineered Materials [“HEM”] (Atlanta, GA – United States), a division of J.M. Huber Corporation [“Huber”] for an undisclosed sum.

The manufacturing facility is located in La Mirada, CA and has 22 employees. Nutri Granulations manufactures both, food grade and USP grade Calcium Carbonate granulations for the Nutraceuticals, Food, Over-the-Counter, and Pharmaceuticals markets. It was taken over by IMCD as part of the acquisition of U.S. west coast distributor E.T. Horn in 2018.

Closing of the transaction is planned for the end of March 2021, the announcement said.

Source: IMCD press release

HGE – DCG / 10.03.2021

Univar Solutions reaches Agreement to divest Distrupol

January 29, 2021 Guenther Eberhard Leave a comment

U.S. based Distributor exits European Plastics Distribution Activities in Private Equity sponsored Transaction

Global chemicals and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) will exit its Plastics distribution activities in Europe. Its UK-based subsidiary Distrupol Ltd. (Chertsey, Surrey – United Kingdom) and related companies located in the Benelux and the Nordic regions are going to be acquired by GPD Companies, Inc. (The Woodlands (Houston), TX – United States of America), an affiliate of One Rock Capital Partners, LLC for an undisclosed amount.

GDP Companies is a holding company formed by One Rock Capital Partners with the objective of creating a “leading group of global value added distributors [for Polymers]”. One of its operational entities is Nexeo Plastics, the announcement said. Upon consumation of the transaction, Distrupol will join the group.

Source: GPD Companies press release, DistriConsult analysis

HGE – DCG / 29.01.2021

Univar Solutions to divest Environmental Sciences Business

December 10, 2019 Guenther Eberhard Leave a comment

AEA Investors to acquire Pest Management Business from U.S. Distribution Firm

Global chemical and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) announced last Thursday that it has reached a definitive agreement to sell its Environmental Sciences Business to an affiliate of AEA Investors, LP (New York, NY- United States) for a contract sales price of USD 195 mn. The transaction, which may have its economic value increased by what Univar calls “cost avoidance opportunities”, is expected to be completed latest in early 2020.

Headquartered in Austin, TX, Univar Solutions’ Environmental Sciences business is “a premier pest management business serving customers in the U.S., Canada, and Mexico directly through approximately 250+ sales and service professionals and 70 ProCenters and in Latin America and the Caribbean through a network of authorized dealer partners. The business serves the expanding markets for pest control (including structural pest, public health, wildlife, vegetation management, and turf & ornamental) with unparalleled products and services, as well as educational and technology resources …”, Univar said in the announcement. Trace McEuen, Vice President Environmental Sciences, will continue to lead the business.

Univar is planning to use the proceeds from the transaction to pay down debt.

Source: Univar press release

HGE – DCG / 10.12.2019