Univar Solutions and Milliken Establish Agreement for Automate™ Liquid Dyes for Lubricants and Metalworking Fluids Market in North America
Univar Solutions Inc. (NYSE: UNVR) has strengthened its market position by becoming the exclusive distributor of Automate™ oil-based dyes and an authorized distributor of water-based dyes for lubricants and metalworking fluids in the United States and Canada. This agreement enhances Univar's specialty ingredients portfolio, catering to diverse applications in the lubricant industry. Federico Montaner, the global vice president for Lubricants & Metalworking Fluids, emphasized the importance of this partnership with Milliken & Company, aimed at addressing market demands and improving supply chain reliability.
- Exclusive distribution of Automate™ oil-based dyes may enhance product offerings.
- Strengthened presence in the lubricants and metalworking fluids market in North America.
- Partnership with Milliken may provide opportunities for innovation in product development.
- None.
Expansion strengthens commitment to working together to reach industrial markets central to specialty lubricants and metalworking fluids in the United States.
DOWNERS GROVE, Ill., Feb. 16, 2023 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a leading global solutions provider to users of specialty ingredients and chemicals, today announced the Company has been appointed the exclusive distributor of Automate™ oil-based dyes, and an authorized distributor of water-based dyes, for lubricants and metalworking fluids customers in the United States and Canada. The new agreement strengthens Univar Solutions' specialty ingredients portfolio with products that are tailored for a variety of lubricant, oil, grease, and fuel coloration applications.
"We're continually assessing market demands so we can offer our customers access to products and services they need to keep their businesses growing. We're very excited about building a strong and solid partnership with Milliken & Company. By expanding our Canadian relationship into the United States, we are reinforcing our commitment to the lubricants and metalworking fluids market," said Federico Montaner, global vice president for Lubricants & Metalworking Fluids at Univar Solutions. "As customers seek to solve demanding lubrication market challenges, they can depend on our deep technical and sales expertise, our customer-centric digital connectivity, and the reliability and safety of our supply chain."
Univar Solutions serves the lubricants and metalworking fluids markets with a suite of products and services to help optimize the performance of each customer's formulations and differentiate their offerings. Supported by our best-in-class centers of technical innovation—our network of Solution Centers—and a global distribution footprint, Univar Solutions is a committed ally for suppliers like Milliken. Milliken aims to deliver innovations without jeopardizing its commitment to environmental management with more efficient, longer-lasting products and making responsible use of resources such as water, energy, and raw materials.
For more information about Univar Solutions' innovative lubricant and metalworking fluids solutions, visit univarsolutions.com/industries/lubricants-metalworking.
Univar Solutions (NYSE: UNVR) is a leading global commodity and 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.
Milliken & Company is a global manufacturing leader whose focus on materials science delivers tomorrow's breakthroughs today. From industry-leading molecules to sustainable innovations, Milliken creates products that enhance people's lives and deliver solutions for its customers and communities. Drawing on thousands of patents and a portfolio with applications across the textile, flooring, chemical, and healthcare businesses, the company harnesses a shared sense of integrity and excellence to positively impact the world for generations. Discover more about Milliken's curious minds and inspired solutions at milliken.com and on Facebook, Instagram, LinkedIn and Twitter.
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and outlook 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: general economic conditions, particularly fluctuations in industrial production and consumption and the timing and extent of economic downturns increased competitive pressures, including as a result of competitor consolidation; potential supply chain disruptions; significant changes in the pricing, demand and availability of chemicals; our indebtedness, the restrictions imposed by, and costs associated with, our debt instruments, and our ability to obtain additional financing; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations and changes in tax laws; potential cybersecurity incidents, including security breaches; an inability to generate sufficient working capital; transportation related challenges, including increases in transportation and fuel costs, changes in our relationship with third party transportation providers, and ability to attract and retain qualified drivers; accidents, safety failures, environmental damage, product quality issues; delivery failures or hazards and risks related to our operations and the hazardous materials we handle, potential inability to obtain adequate insurance coverage; ongoing litigation, potential product liability claims and recalls, and other environmental, legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; possible impairment of goodwill and intangible assets; the ongoing and evolving COVID-19 pandemic, including impacts on the global economy, our employees, customers, vendors and suppliers, and our business, results of operation and financial condition; significant changes in the business strategies of producers or in the operations of our customers; an inability to integrate the business and systems of companies we acquire, including failure to realize the anticipated benefits of such acquisitions; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; our ability to attract or retain a qualified and diverse workforce; our ability to execute on our strategies related to environmental, social, and governance matters, and achieve related expectations may be impacted as a result of evolving regulatory and other standards, processes, and assumptions, the pace of scientific and technological developments, increased costs and the availability of requisite financing and changes in carbon markets; and the other factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as well as other 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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