Univar Solutions and Calumet Expand Distribution Agreement for Petrolatums and White Oils in Europe
Univar Solutions B.V. announced an expanded distribution relationship with Calumet to distribute petrolatums and white oils across Europe, including the UK, France, Italy, and Spain. This partnership aims to enhance Univar's specialty oils portfolio, benefiting various sectors such as beauty, personal care, food processing, and pharmaceuticals. The collaboration is expected to improve product availability and customer solutions through a robust technical and sales support network. Both companies emphasize sustainability and continuous improvement in their operations to meet market demands.
- Expanded distribution agreement enhances Univar's portfolio of specialty products.
- Partnership expected to improve product availability across key European markets.
- Supports sectors like beauty, personal care, food processing, and pharmaceuticals.
- None.
LONDON, Nov. 4, 2021 /PRNewswire/ -- Europe, Univar Solutions B.V., 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, today announced a distribution relationship with Calumet for its portfolio of petrolatums and white oils used in the beauty and personal care, industrial solutions, food processing and pharmaceutical industries across Europe, including the United Kingdom, France, Italy and Spain.
"Univar Solutions is excited to expand our relationship with Calumet, a long-standing and valued supplier-partner with a dedication to continuous improvement, sustainability, and social responsibility. We look forward to expanding our specialty oils portfolio in Europe as we continue growing our strategic global relationship with Calumet," said Matthew Ottaway, senior vice president of global consumer solutions at Univar Solutions. "Through our global technical and sales support network, Univar Solutions is well positioned to provide European customers with a total solution for optimizing formulations and addressing key performance challenges within various key consumer and industrial markets."
Petrolatums and white oils are used in a wide variety of consumer and industrial specialty applications ranging from home and personal care products and cosmetics to food and pharmaceuticals. Calumet's high purity, heavily credentialed ingredients are manufactured at multiple sites, leading to dependable supply sourcing across the region. The addition of these products further expands Univar Solutions' portfolio of specialty petrolatums and white oils for customers across Europe.
"At Calumet, our expertise and reputation has been built through years of dedicated partnership with our customers. We are devoted to understanding the unique chemistry required to deliver customized products to meet the specific needs of today's consumer products," said John Soanes, international sales director – EMEA and APAC for Calumet. "Our growing partnership with Univar Solutions in Europe is yet another distinction as we serve the petrolatum and white oil industry and markets. Teaming up with a company like Univar Solutions in this capacity will allow greater reach for our products and will enhance our presence in the European market."
About Calumet
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) manufactures, formulates, and markets a diversified slate of specialty branded products to customers in various consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America. Learn more at https://www.calumetspecialty.com/ or https://penreco.com/.
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 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.
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.
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