Gett™ Products Select ChemPoint as Exclusive Distributor of Professional Cleaning Products in the United States and Canada

Rhea-AI Summary

Univar Solutions (NYSE: UNVR) announced that its subsidiary, ChemPoint, is now the exclusive distributor of Gett Products' Professional Series cleaning products in North America. This partnership aims to enhance Gett's presence in the professional cleaning market. Gett's products are biodegradable and phosphate-free, adding to ChemPoint's extensive portfolio. Both companies plan to leverage modern marketing and technology to expedite growth and improve customer engagement in a traditionally stagnant industry.

Positive

• Exclusive distribution agreement with Gett Products.
• Gett's cleaning products are biodegradable, aligning with sustainability trends.
• Expansion of ChemPoint's product portfolio to include professional cleaning products.
• Innovative technology and digital marketing strategies expected to enhance customer engagement.

Negative

• None.

DOWNERS GROVE, Ill., July 20, 2020 /PRNewswire/ -- ChemPoint, a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that Gett Products has chosen ChemPoint as the new distributor of Gett's Professional Series of cleaning products. Under the terms of the agreement, ChemPoint, a Univar Solutions company, will market, sell, and distribute Gett detergents and cleansers, extending the Gett footprint in the professional cleaning market across North America.

Gett professional cleaners, which are made in the U.S.A., are biodegradable and phosphate-free, and are a new addition to ChemPoint's already expansive portfolio. With the Gett professional laundry, kitchen, and everyday use cleaning series, ChemPoint expects to provide consistent lead times, supply, and a broad range of specialized packages for customers with commercial and industrial end applications.

"The partnership between ChemPoint and Gett Products is a perfect fit, as both companies are focused on expediting growth by disrupting a stagnant industry," said Rick Hoener, global managing director for ChemPoint. "Using innovative technology and focusing on digital modernization, we expect to change the go-to market strategy and revolutionize customer engagement. Our team is incredibly excited to expand our specialty consumable product portfolio, provide best in class service, and a dedicated supply chain for this market."

Evan Gettinger, co-founder of Gett™ Products said, "Our aim is to reach and relate to a new generation of professional cleaners around the world, faster, who are connected by the joy of cleaning and clean spaces. To do that, we needed to find a partner agile enough to integrate proven distribution models with modern marketing techniques and data analytics. ChemPoint shares our vision and has the unique combination of capabilities to help make this a reality."

About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and North American sales force, unparalleled logistics know-how, deep market and regulatory knowledge, world-class 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. Univar Solutions is committed to helping customers and suppliers innovate and grow together. Learn more at UnivarSolutions.com.

Forward-Looking Statements
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.

FAQ

What is the significance of the partnership between ChemPoint and Gett Products for UNVR?

The partnership enhances UNVR's product offerings and market reach in the professional cleaning sector.

When was the distribution agreement between ChemPoint and Gett Products announced?

The agreement was announced on July 20, 2020.

What are the expected benefits of the new distribution agreement for Univar Solutions?

The agreement is expected to drive growth, improve customer engagement, and expand ChemPoint's portfolio.

What type of products will ChemPoint distribute under the new agreement?

ChemPoint will distribute Gett's Professional Series of biodegradable and phosphate-free cleaning products.