Welcome to our dedicated page for Univar Solutions news (Ticker: UNVR), a resource for investors and traders seeking the latest updates and insights on Univar Solutions stock.
Univar Solutions Inc. (NYSE: UNVR) is a leading global distributor of specialty chemicals and ingredients, representing a premier portfolio from the world's top producers. Headquartered in Downers Grove, Illinois, the company leverages its extensive global network and industry expertise to deliver innovative products and services to essential industries around the world.
With more than 9,000 employees and the industry's largest private transportation fleet, Univar Solutions provides unmatched connectivity and perspective across the markets it serves. The company is committed to improving the quality of life through its products, expertise, and relationships. It focuses on various sectors including food and beverages, beauty and personal care, industrial chemicals, and more.
Univar Solutions recently expanded its agreement with Leprino Foods, enhancing its offerings of nutritional ingredients and dairy products in Brazil and Mexico. The company also strengthened its partnership with Kalsec® Inc. for advanced hop ingredients in the United States, supporting the beverage industry's need for innovative solutions. Additionally, the company has announced a new distribution agreement with dsm-firmenich for personal care ingredients in Mexico, Central America, and the Caribbean.
Financially, Univar Solutions is well-positioned to offer tailored solutions and value-added services, backed by its deep market and regulatory knowledge, formulation and recipe development capabilities, and leading digital tools. The company continues to focus on strategic growth, as evidenced by its recent acquisition of FloChem Ltd., which enhances its market position in Eastern Canada.
Univar Solutions is committed to sustainability and environmental responsibility. The company has pledged to achieve net carbon neutrality by 2050 and is working closely with its supply chain to build a robust roadmap for emissions reduction. This commitment is part of their broader Environmental, Social, and Governance (ESG) initiatives aimed at creating a more sustainable future.
Univar Solutions' operations are guided by a strong set of values and a commitment to helping communities stay healthy, fed, clean, and safe. The company's ongoing partnerships and acquisitions are focused on delivering innovative solutions while maintaining high standards of safety and sustainability.
Univar Solutions, a global chemical distributor, has been authorized by Dow Coating Materials as its distributor for coatings in the UK, Ireland, and industrial coatings in Turkey. Effective January 1, 2021, Univar will distribute products from well-known brands like PRIMAL and ACRYSOL, enhancing its specialty portfolio. This partnership aims to empower coatings manufacturers with better services and product access, consolidating Univar's position in the industry.
Univar Solutions (NYSE: UNVR) announced a distribution agreement with Emerald Kalama Chemical to distribute Kalaguard SB, the first EPA registered sodium benzoate preservative for homecare applications, in the U.S. The product is designed to meet rising demand for eco-friendly preservatives in the homecare sector. With the ongoing COVID-19 pandemic increasing the need for industrial cleaners, this collaboration provides customers with an additional preservative option, enhancing Univar's product portfolio in response to regulatory and consumer trends.
Univar Solutions Inc. (NYSE: UNVR) has expanded its distribution agreement with Solvay Group to distribute coatings products in the U.S. and Canada. As the exclusive national distributor for Solvay in these sectors, Univar will leverage its expertise to enhance availability of Solvay's innovative coatings and industrial products. Applications range from paints to lubricants. This partnership aims to address technical challenges and create new business opportunities, reinforcing Univar's position as a leader in specialty chemical distribution.
Univar Solutions Inc. (NYSE: UNVR) announced an agreement to acquire Zhuhai Techi Chem Silicone Industry Corporation to enhance distribution of specialty silicone solutions for the coatings, adhesives, sealants, and elastomers market in China. The acquisition is expected to close in mid-December 2020. This strategic move aims to leverage Techi Chem's strong industry relationships and Univar's global expertise to better serve customers and expand product offerings in the Chinese market.
Univar Solutions (NYSE: UNVR) announced that its subsidiary, ChemPoint, has expanded its partnership with DuPont for distributing cellulosic and poly (ethylene oxide) products in Mexico. This agreement enhances DuPont's market reach in the region, addressing the demand for specialty chemicals used in industrial applications.
The collaboration aims to improve customer experience through a dedicated technical marketing team and optimized supply chain services, streamlining product selection and delivery processes.
Univar Solutions Inc. has entered into a new agreement with Arylessence, Inc. for the exclusive distribution of environmentally compliant fragrances in the U.S. and Canada. This collaboration enhances Univar Solutions' portfolio in the homecare and industrial cleaning sectors, providing a comprehensive offering to customers. The fragrances are approved under the U.S. EPA Safer Choice program, which supports eco-friendly cleaning formulations. Both firms aim to leverage this partnership to improve brand differentiation and meet customer demand for innovative cleaning solutions.
Univar Solutions Inc. (NYSE: UNVR) announced that its subsidiary, ChemPoint.com, has been chosen by Chemours™ to distribute Viton™ fluoroelastomers in the U.S. and Canada. These materials enhance product durability and performance under extreme conditions, making them essential for various industries including automotive and aerospace. ChemPoint aims to leverage its digital marketing approach to expand the reach of Viton products. This partnership underscores Chemours' strategy to align with evolving business needs.
Univar Solutions (NYSE: UNVR) has been appointed by Evergrain Ingredients LLC to distribute its range of plant-based ingredients across the U.S., Canada, and various countries in EMEA. The agreement includes products like EverPro, a highly soluble protein isolate, and EverVita Pro and Fibra, which are suitable for baked goods. This partnership is expected to leverage Univar's extensive market access to introduce sustainable, nutritious ingredients to a broader customer base, meeting the growing demand for plant-based food solutions.
Univar Solutions (NYSE: UNVR) has entered into a distribution, blending, and production agreement with Fluid Energy Group for its Enviro-Syn Modified/Synthetic Acid product line. This partnership aims to enhance Univar's portfolio with sustainable and eco-friendly chemical solutions across Europe, including countries like Belgium, France, and the UK. Fluid's patented technologies provide safer alternatives to traditional acids, reducing environmental impact. The agreement aligns with both companies' commitments to sustainable innovations in various industries, including oil and gas, food and beverage, and water treatment.
Univar Solutions Inc. (NYSE: UNVR) reported its Q3 2020 financial results, featuring a net income of $28.9 million, up from $2.5 million year-over-year. Adjusted earnings per share decreased to $0.34 from $0.36. Total net sales dropped by 15.8% to $2.0 billion, driven by lower industrial demand and the Environmental Sciences divestiture. Adjusted EBITDA fell to $164.6 million. However, full-year Adjusted EBITDA is forecasted between $629 million and $634 million. Liquidity remains strong at $730.4 million, supported by ongoing cost reduction efforts and the Nexeo integration.
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