Expansion into Natural and Essential Oils for Univar
Global chemical distributor Univar Inc. (Downers Grove, IL – United States) earlier this week announced that its wholly owned subsidiary, Univar Ltd., has reached an agreement to acquire Earthoil [“Earthoil Plantations Limited”] (Bury St Edmunds, United Kingdom), a subsidiary of Treatt plc, the London-listed manufacturer and supplier of ingredient solutions for the Flavor, Fragrance, Beverage, and Consumer Products industries.
Earthoil is a supplier of pure, organic, fair trade essential and cold-pressed vegetable seed oils used in the Naturals, Organic Beauty, and Personal Care markets. Univar said, the company “has well-established relationships with leading international personal care brands and provides brand owners with naturally sourced products and ingredients such as Marula, Moringa, Argan, Avocado, Baobab and other natural vegetable and essential oils. Sales in 2017 were approx. USD 11 mn.
No financial details were disclosed on this transaction, which is expected to close at the end of May 2018.
Source: Univar press release
HGE – DCG / 14.05.2018