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