Univar Solutions Appointed as Distributor for Vink Chemical's Biocides in Brazil

Rhea-AI Summary

Univar Solutions (NYSE: UNVR) has entered an agreement with Vink Chemicals to distribute a range of biocides in Brazil. This partnership allows Univar to offer products like Vinkocide® and Grotanol® for various industries including homecare, industrial cleaning, and construction. The collaboration is expected to enhance product development through Vink's expertise and Univar's extensive distribution network. Univar Solutions aims to deliver exceptional value and support to its customers while expanding its portfolio in the specialty chemicals sector.

Positive

• Expansion of product offerings with Vink Chemicals' biocides in Brazil.
• Access to Vink's product development expertise and innovative technologies.
• Potential for increased market share in various industries including homecare and industrial cleaning.

Negative

• None.

SAO PAULO, June 29, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions"), a global chemical and ingredient distributor and provider of value-added services, announced today that it has reached an agreement with Vink Chemicals to distribute a portfolio of biocides in Brazil. The new authorization from Vink, a specialty biocide and biocidal products producer, includes brands appropriate for a wide variety of industries such as homecare and industrial cleaning, energy, and performance chemicals as well as coatings, adhesives, sealants, and elastomers.

Vink develops and formulates individual biocides used in diverse industrial applications to preserve products, prevent the growth and the dispersion of dangerous germs as well as protect building surfaces and materials against damage from microorganisms. With the authorization, Univar Solutions will now supply Brazil with Vink's, Vinkocide®, Parmetol®, Grotanol®, Grotan®, Grotamar®, and Stabicor® brands. Applications range from in-can and film preservation of paints and varnishes, to use in water treatment, coolants, construction chemicals, detergents, cleaners, and disinfectants for the polymer industry.

"This is an excellent opportunity for our customers as they gain access to Vink's product development expertise and innovative technologies for effective, durable, and reliable end product solutions. With local support from our experienced technical team and our extensive distribution network, we are delivering exceptional value together," commented Jorge Buckup, president, Latin America, for Univar Solutions.

"Understanding how a biocide interacts and combines with other substances is crucial to the success of an end product. Vink's in-depth biocide knowledge and technologies combined with the different product lines from the Univar Solutions' portfolio, as well as services from our Solutions Centers, will provide customers with a comprehensive approach to developing next-generation end products," added Buckup.

"We are confident that customers will experience excellent support and coverage with this partnership," said Fernando Scandoleira, commercial manager at Vink in Latin America. "Vink has increased both its specialties and commodities portfolio through the acquisition of the industrial biocides business from Schülke & Mayr, adding leading technical brands as well as more than 130 years of high-valued technical experience and knowledge."

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 -1%26h%3D2950741537%26u%3Dhttp%253A%252F%252Fwww.univarsolutions.com%252F%26a%3Dwww.univarsolutions.com&a=univarsolutions.com" rel="nofollow">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.

FAQ

What is the new partnership announced by Univar Solutions on June 29, 2020?

Univar Solutions announced a partnership with Vink Chemicals to distribute a portfolio of biocides in Brazil.

What products will Univar Solutions distribute as part of the Vink Chemicals agreement?

Univar Solutions will distribute brands like Vinkocide®, Grotanol®, and others across various industrial applications.

How will the partnership with Vink Chemicals benefit Univar Solutions' customers?

Customers will gain access to Vink's expertise in biocide technology and the extensive distribution capabilities of Univar Solutions.

What industries will benefit from the biocides distributed by Univar Solutions in Brazil?

Industries such as homecare, industrial cleaning, and construction will benefit from the biocides distributed.