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 (NYSE: UNVR) has expanded its specialty ingredients portfolio by entering a distribution agreement with Particle Dynamics. This partnership aims to enhance supply security for pharmaceutical and nutraceutical customers in the U.S. and Canada. Under the agreement, Univar will distribute Particle Dynamics' specialty ingredients, including calcium and magnesium carbonates and microencapsulated vitamins. This collaboration is expected to foster innovation and sustainability in solid dose pharmaceutical and nutraceutical solutions.
Univar Solutions (NYSE: UNVR) has opened a new Solution Center in Essen, Germany, enhancing its innovation capabilities across Europe. This 700 square meter facility will focus on sustainable solutions and product formulation in sectors such as Beauty, Homecare, Pharmaceuticals, and Industrial Chemicals. The center aims to expedite product development and respond to regulatory changes effectively. With advanced laboratories and technical support, Univar is poised to drive innovation and growth for its customers, meeting increasing consumer demand and improving sustainability.
Univar Solutions Inc. has appointed Michael DelliCompagni as the new vice president of global Industrial Solutions, effective March 1, 2022. DelliCompagni brings over 30 years of experience in specialty chemicals and distribution, having held senior roles at IMCD and Brenntag. He will oversee sales, marketing, and product management across various markets, including Coatings and Homecare. The company aims to enhance its global approach and deliver a world-class ingredient portfolio.
Univar Solutions reported strong financial results for Q4 and the entire fiscal year 2021, highlighting a net income of $156.8 million, significantly up from a loss of $33.7 million in Q4 2020. Adjusted EBITDA grew by 41.5% to $207.1 million. Full-year net income was $460.6 million, a substantial jump from $52.9 million in the prior year. The company anticipates continued demand growth in 2022, projecting full-year Adjusted EBITDA between $860 million and $890 million, alongside capital returns to shareholders and strategic acquisitions.
On February 16, 2022, Univar Solutions (NYSE: UNVR) announced it is the exclusive distributor of COIM USA's Diexter-G™, Isoexter™, and Hydroexter™ in the U.S. and Canada. This partnership aims to enhance Univar's coatings, adhesives, and sealants (CAS) product offerings, addressing market demands for high-performance polyester polyols and specialty resins. The new collaboration will allow Univar to provide innovative and sustainable solutions, thus increasing growth opportunities. COIM's products are known for their versatility in various applications, enhancing mechanical properties and resistance.
Univar Solutions Inc. (NYSE: UNVR) appointed Varun Laroyia as an independent director on February 8, 2022. Laroyia, CFO of LKQ Corporation since October 2017, brings extensive operational and financial management experience across various sectors. His background includes significant roles at CBRE and Johnson Controls, enhancing the board's expertise. The appointment aims to leverage his insights for advancing Univar's market technology and operational strategies, ultimately enhancing shareholder value.
On February 2, 2022, Univar Solutions (NYSE: UNVR) announced the expansion of its Houston Solution Center with a new homecare and industrial cleaning laboratory. This facility aims to enhance technical innovation in response to the growing demand for sustainable and effective cleaning products, especially post-COVID-19. It will house a skilled team of scientists and state-of-the-art technology to facilitate product testing, development, and faster market entry for environmentally friendly solutions. This investment highlights Univar's commitment to meeting regulatory changes and consumer demand in the cleaning industry.
Univar Solutions plans to disclose its fourth quarter and full year financial results for 2021 on February 24, 2022, after market close. A news release along with an investor presentation will be available on their website. The company will also host a webcast on February 25, 2022, at 9:00 a.m. ET to discuss these results. Univar Solutions is a global distributor of chemicals and ingredients, leveraging its logistics and technical expertise to serve various industries.
Univar Solutions has launched a new Food Solution Center at The Hatchery Chicago, a nonprofit food business incubator. This center aims to foster food and beverage innovation and supports aspiring food entrepreneurs in Chicago's West Side. It is part of Univar's global network of solution centers, which focus on providing innovative solutions through collaboration among food scientists and technical experts. The initiative emphasizes community engagement and sustainable economic growth, particularly benefiting women and BIPOC-owned businesses.
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