ChemPoint® Announces New Collaboration with CFS North America and its Xtendra BHT Antioxidant
Univar Solutions (NYSE: UNVR) announced that its subsidiary, ChemPoint, will distribute CFS North America’s Xtendra BHT product in the U.S. and Canada. Xtendra BHT is a food-grade antioxidant used in various applications, including food preservation and industrial processes. ChemPoint aims to leverage its marketing expertise to expand the reach of Xtendra BHT in growing markets, particularly food and personal care. Both companies anticipate that this partnership will enhance their market positions.
- Partnership with CFS North America enhances product distribution capabilities.
- Xtendra BHT complements ChemPoint's existing portfolio of preservatives and antioxidants.
- Approval from FDA, Kosher, and Halal increases marketability of Xtendra BHT.
- None.
DOWNERS GROVE, Ill., July 11, 2022 /PRNewswire/ -- ChemPoint.com Inc. ("ChemPoint"), a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a leading global chemical and ingredient distributor and provider of value-added services, today announced CFS North America, LLC. (CFS), a subsidiary of Camlin Fine Sciences Ltd., has chosen ChemPoint for the sales and distribution of its Xtendra BHT (butylated hydroxytoluenein) product throughout the United States and Canada. Xtendra BHT is a food-grade hindered phenolic antioxidant commonly used as a preservative in a wide variety of applications ranging from foods, animal feed, animal and vegetable oils to petroleum products, rubber and plastics.
Rick Hoener, global vice president and managing director of ChemPoint, said, "We are excited to expand our supplier network to include CFS. Xtendra BHT, manufactured by Camlin Fine Sciences, Ltd., compliments our current portfolio of preservatives and antioxidants and the team at CFS is well positioned to support the needs of today's growing food and personal care markets. This partnership will also support the evolving needs of industrial applications that require a versatile, general-purpose antioxidant."
BHT is an antioxidant for food applications and helps provide carry-through effectiveness in fats and oils by imparting stability to baked goods, cereals and packaging materials. BHT is approved by the U.S. Food and Drug Administration (FDA), Kosher and Halal for use in food and food contact applications.
For industrial applications, BHT helps to avoid degradation and discoloration of plastics, coatings, inks, and pigments as well as helps to stabilize polymers when exposed to high temperatures and Ultraviolet (UV) light.
ChemPoint offers technical expertise across multiple industries. With its marketing proficiency and deep understanding of customer needs, the company helps products like Xtendra BHT reach new markets and applications, supporting its growth.
Jennifer Igou, general manager, CFS North America, LLC added, "We see tremendous value in ChemPoint's digital capabilities and driving growth into new applications and marketspaces. We look forward to leveraging the strengths of their organization to serve the North American marketspace with Xtendra BHT. As a global leader in the production of traditional antioxidants, CFS is committed to producing the highest quality for our customers."
For more information, please visit chempoint.com.
CFS is a provider of high-quality ingredients including shelf life solutions, aroma ingredients, health & wellness products and performance chemicals. Globally headquartered in Mumbai, India, with subsidiaries located in South America, LATAM, North America, Europe and China. With over thirty years of serving customers, we've learned that each one has a unique need and therefore must require a unique solution. Our global expertise, local insights and technical know-how enables us to deliver what's required! For more information, please visit our website at camlinfs.com.
ChemPoint.com, Inc., a wholly owned subsidiary of Univar Solutions Inc., is a unique distribution business that provides marketing and sales services for specialty and fine chemicals in North America, Europe, Middle East, Africa, and Latin America. The company engages in exclusive product line relationships with premier manufacturers, providing tailored solutions to more than 90 supplier partners and over 200 product lines globally. For more information, please visit chempoint.com.
Univar Solutions (NYSE: UNVR) is a leading global chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and technical sales force, unparalleled logistics know-how, deep market and regulatory knowledge, formulation and recipe development, and leading digital tools, the Company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. While fulfilling its purpose to help keep communities healthy, fed, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Growing Together. Learn more at univarsolutions.com.
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and predictions for the future, which are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company's filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo Solutions, Inc., or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company's filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek, "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
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SOURCE Univar Solutions Inc.
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