Univar Solutions and PVS Chloralkali Announce New Hydrochloric Acid Agreement
Univar Solutions (NYSE: UNVR) has announced a strategic agreement with PVS Chloralkali Inc. to enhance its Hydrochloric Acid (HCL) distribution network across North America. Under this agreement, PVS will transfer railcars and sourcing agreements for HCL to Univar, allowing it to strengthen its logistics and sourcing capabilities. This collaboration positions Univar Solutions as a key HCL provider while allowing PVS to focus on maximizing value in other markets. The partnership aims to support both companies amid dynamic market conditions.
- Expansion of Univar's Hydrochloric Acid distribution network in North America.
- Increased sourcing capabilities and logistics infrastructure for Univar.
- Strategic collaboration with PVS, enhancing market position.
- None.
DOWNERS GROVE, Ill., Oct. 27, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, and PVS Chloralkali Inc., a wholly owned subsidiary of PVS Chemicals Inc. (PVS), today announced a new agreement where PVS will transfer railcars located in Ohio, Illinois and Virginia and sourcing agreements for Hydrochloric Acid (HCL) to Univar Solutions.
"This agreement further expands Univar Solutions' large and robust network for its HCL business in North America," said Joe Serna, vice president, bulk chemical distribution for Univar Solutions. "We're very pleased to increase our sourcing capabilities and logistics infrastructure to enhance our presence as a top HCL provider benefitting customers throughout North America."
As part of the agreement Univar Solutions becomes a strategic provider of HCL for PVS, which is one of the largest managers of chlorides used in the production of finished steel throughout North America. Univar Solutions' network, supplier relationships, digital technology, technical expertise, and market knowledge help customers navigate dynamic market conditions and is expected to support this strategic alliance.
"PVS remains active and growing throughout all of its products and markets. This agreement strengthens PVS's hydrochloric acid business by allowing the company to focus on where we maximize value for our customers," said David Nicholson, president and CEO of PVS Chemicals, Inc.
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.
About PVS Chemicals, Inc.
PVS Chemicals, Inc., founded in Detroit in 1945, has more than 1,200 employees worldwide and has 14 manufacturing plants and several distribution facilities across the U.S., Europe, Canada and Asia. What PVS provides touches everyone in some unique way. That's why at PVS, Chemistry For Daily Life™ isn't just a tagline, it's a promise. PVS does more than your average chemical company. PVS is a global manufacturer, distributor, and marketer of high- quality chemicals and provides reliable transportation services to its suppliers and customers. PVS provides sustainable solutions around the world to diverse industries that include electronics, manufacturing, steel, agricultural, fine chemicals, metal finishing, water treatment and food processing. PVS is committed to
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SOURCE Univar Solutions Inc.
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