Univar to expand Distribution Business in Nordic Region
Global chemical distributor Univar Inc. (Downers Grove, IL – United States) yesterday announced that its wholly owned subsidiaries Univar AB in Sweden and Univar AS in Norway have reached an agreement to acquire Kemetyl Industrial Chemicals, a division of the Kemetyl Group (Jordbro, Sweden).
Kemethyl Industrial Chemicals is active in Pharmaceuticals, Food and Beverage, Paints & Varnishes, Heat Transfer Fluids and Water Treatment. Its annual turnover amounts to ca. US$ 30 mn. It is one of the largest suppliers of industrial grade alcohols, according to Univar’s statement.
No financial details were disclosed on this transaction, which Univar said it expects to close in early 2018.
Source: Univar press release, Kemethyl website
HGE – DCG / 09.12.2017