Tag Archives: Univar

Univar Solutions appoints Nicholas W. Alexos as Executive Vice President and CFO

Former Dentsply Sirona Executive joins US Chemicals and Ingredients Distributor

Global chemicals and ingredients distributor Univar, Inc. (Downers Grove, IL – United States) last week announced the appointment of Nicholas W. Alexos as Executive Vice President and Chief Financial Officer (CFO), effective 06. January 2020. Alexos succeeds Carl J. Lukach , who will transition to Executive Vice President Corporate Development, to focus on the company’s portfolio management and to generate growth initiatives.

According to the announcemnet, Alexos “joins Univar Solutions after serving as Executive Vice President, Chief Financial Officer and Chief Administrative Officer at Dentsply Sirona, Inc., where he led key growth strategies and successfully executed portfolio shaping initiatives. Previously he served as a Managing Director of Madison Dearborn Partners, LLC, where he helped a wide array of portfolio companies achieve growth and margin expansion.”

 

Source: Univar press release

HGE – DCG / 23.12.2019

Univar Solutions to divest Environmental Sciences Business

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

Univar Solutions announces Resignation of Board Member

U.S. based Distributor to reduce Number of Board Members

Global chemicals and ingredents distributor Univar Solutions, Inc. (Downers Grove, IL – United States) has announced that David H. Wasserman has tendered his resignation from the company’s Board of Directors. This follows the recent sale of shares of common stock by Clayton, Dubilier & Rice LLC (“CD&R”), representing the conclusion of a nine year investment in Univar Solutions.

 

“Having served as a Board director since November 2010, Mr. Wasserman has provided expert perspective and guidance throughout his tenure, especially as the company emerged from its initial public offering in 2015”, Univar Solutions said in the announcement.

 

The Board of Directors will not replace Mr. Wasserman and instead will reduce its size to 12 directors, effective 31. October 2019.

 
 
Source: Univar press release
 

 

HGE – DCG / 30.09.2019

Univar Solutions appoints Heather Kos as Vice President Investor Relations

Former Ingredion Executive joins US Chemicals and Ingredients Distributor

Global chemicals and ingredients distributor Univar, Inc. (Downers Grove, IL – United States) announced the appointment of Heather Kos as Vice President Investor Relations. Kos succeeds David Lim, who will transition to Vice President Corporate Development, to focus on the company’s M&A program, portfolio management, and the successful integration of the recent Nexeo Solutions acquisition.

 

Kos joins from global “ingredients solutions” company Ingredion Incorporated, where she held the role of Vice President Investor Relations and Corporate Communications. She is a certified public accountant, a certified management accountant and earned her undergraduate degree in accounting from Michigan State University and a master’s degree from DePaul University.

 

Source: Univar press release

 

HGE – DCG / 20.05.2019