December 7 2020

Univar Solutions acquires CASE Business of Zhuhai Techi Chem in China

U.S. based Distributor expands Footprint in China with Asset Deal for Silicones Distribution

Global chemicals and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) recently announced that its wholly owned subsidiary, Univar Solutions China Co. Ltd., has reached an agreement with Zhuhai Techi Chem Silicone Industry Corporation [“Techi Chem“] (Zhuhai, Guangdong Province – China) to acquire the business to distribute innovative specialty silicone solutions used primarily for the Coatings, Adhesives, Sealants, and Elastomers (“CASE” ) market for an undisclosed amount.

 

The entity, which was established in 2001, has in-depth application know-how and an extensive logistics network across China.  The transaction  is expected to close in mid-December. No financial details were disclosed.

 

Source: Univar press release

 

HGE – DCG / 07.12.2020

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