Univar Solutions Appointed Distributor for dsm-firmenich in Central America, Mexico, and the Caribbean

Rhea-AI Summary

Univar Solutions México, a subsidiary of Univar Solutions Inc., has announced an exclusive distribution agreement with dsm-firmenich. This agreement allows Univar Solutions to provide beauty and personal care customers in Central America, Mexico, and the Caribbean with access to dsm-firmenich's complete product portfolio, including sun care, skin care, and hair care solutions. The addition of dsm-firmenich's products expands Univar Solutions' ability to offer innovative and locally applicable personal care ingredients and solutions in these regions.

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• Univar Solutions expands its product portfolio in Central America, Mexico, and the Caribbean through an exclusive distribution agreement with dsm-firmenich.
• The agreement allows Univar Solutions to provide beauty and personal care customers with access to dsm-firmenich's complete product portfolio, including sun care, skin care, and hair care solutions.

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• None.

Exclusive agreement to provide beauty and personal care customers access to the complete dsm-firmenich portfolio, including sun care, skin care, and hair care solutions

MEXICO CITY, Aug. 16, 2023 /PRNewswire/ -- Univar Solutions México, S. De R.L. de C.V., a subsidiary of Univar Solutions Inc. ("Univar Solutions" or "the Company"), a leading global solutions provider to users of specialty ingredients and chemicals, today announced an exclusive distribution agreement with dsm-firmenich, global innovators in nutrition, health, and beauty, that create solutions which positively contribute to the daily care routine and health of people's face, skin, and hair worldwide. The addition of dsm-firmenich's product portfolio in Central America¹, Mexico, and the Caribbean, expands Univar Solutions' ability to offer personal care ingredients and solutions, which are highly innovative and locally applicable in the regions.

Univar Solutions Appointed Distributor for dsm-firmenich in Central America, Mexico, and the Caribbean

"We are very pleased to be working with dsm-firmenich, adding their extensive and innovative products to our portfolio, and expanding access for customers who are seeking personal care solutions to grow their business," said James Peterson, global vice president for beauty and personal care for Univar Solutions. "Both Univar Solutions and dsm-firmenich are focused on ingredients, formulations, and solutions that nourish, protect, and improve the lives of people and the changing needs of our planet. dsm-firmenich's products enhance and diversify our portfolio further and our teams look forward to presenting them to our esteemed customers across a range of personal care markets."

"Univar Solutions proudly serves beauty and personal care brands and formulators worldwide, helping them find solutions and achieve success as they grow their business," said Jorge Buckup, president of Latin America for Univar Solutions. "We are elated to bring the dsm-firmenich personal care ingredient portfolio to Mexico, Central America, and the Caribbean as we already have a supplier relationship in North America and Europe. Together with dsm-firmenich, we're better able to help customers formulate next-generation products, work to improve time to market, and achieve sustainable solutions through ingredients and innovations."

With today's healthy beauty trends extending beyond skin care and encompassing hair care, sun care (including sun protection through vitamins used in sunscreens), and cosmetics, both companies are well positioned to help customers turn trends into product solutions. Univar Solutions' specialized beauty and personal care expertise serves sun care, skin care, color cosmetics, and hair care customers with a suite of customized products and services. Supported by advanced innovation at its network of Solution Centers, a global distribution footprint, and supply chain expertise, the Company delivers a comprehensive customer experience, from product development through ongoing brand support. dsm-firmenich is a global leader in UV filters and vitamins, with over 40 years' experience on skin bioactives, with an innovative portfolio that includes UV filters, vitamins, actives, extracts, peptides, and performance ingredients.

"dsm-firmenich is thrilled to announce this new expanded partnership with Univar Solutions within the personal care market," said Guilherme Dias, personal care regional director - LATAM for dsm-firmenich. "Univar Solutions brings additional value to our customers, with their forward-thinking approach to the future of the distribution industry in areas such as reliability, technical acumen, and digitalization. As a business, we are committed to offering innovative, scientifically proven, and market-validated personal care solutions, that effectively respond to current market trends and key consumer needs, as well as to making a stronger and more transparent commitment to environmentally and socially responsible practices. We envision a continued successful partnership with Univar Solutions, providing comprehensive support and a sustainable approach along the way," Dias said.

For more information about Univar Solutions' beauty and personal care business, visit univarsolutions.com/industries/beauty-personal-care.

[1] Central America region represents Costa Rica, Guatemala, El Salvador, Panama, and Honduras

About Univar Solutions
Univar Solutions 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.

About dsm-firmenich
Innovators in nutrition, health, and beauty.
dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world's growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities. dsm-firmenich work to create what is essential for life, desirable for consumers, and more sustainable for the planet. dsm-firmenich is a Swiss-Dutch company, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life™ every day, everywhere, for billions of people. Learn more at dsm-firmenich.com.

Forward-Looking Statement and Information
This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.  Forward-looking statements generally can be identified by words such as "believes," "expects," "may," "will," "should," "could," "seeks," "intends," "plans," "estimates," "anticipates" or other comparable terms.  All forward-looking statements made in this communication are qualified by this cautionary language.  

Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control.  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; significant changes in the business strategies of producers or in the operations of customers; increased competitive pressures, including as a result of competitor consolidation; potential supply chain disruptions; significant changes in the pricing, demand and availability of chemicals; potential cybersecurity incidents, including security breaches; the Company's indebtedness, the restrictions imposed by, and costs associated with, its debt instruments, and its ability to obtain additional financing; the broad spectrum of laws and regulations that the Company is subject to, including extensive environmental, health and safety laws and regulations and changes in tax laws; an inability to generate sufficient working capital; transportation related challenges, including increases in transportation and fuel costs, changes in the Company's 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 its operations and the hazardous materials it handles; 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; an inability to integrate the business and systems of companies it acquires, including failure to realize the anticipated benefits of such acquisitions; possible impairment of goodwill and intangible assets; its ability to attract or retain a qualified and diverse workforce; negative developments affecting its pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of its workforce; its ability to execute on its initiatives and goals related to environmental, social, and governance ("ESG") matters and the increasing legal and regulatory focus on ESG; the impacts resulting from the conflict in Ukraine or related geopolitical tensions; the ability of the Company to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, conflict, pandemic, security breach, cyber-attack, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions such as the COVID-19 pandemic; the impact of public health crises, such as pandemics (including the COVID-19 pandemic) and epidemics and any related Company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, "shelter in place," "stay at home," workforce reduction, social distancing, shut down or similar actions and policies; actions by third parties, including government agencies;  and the other factors described in the Company's filings with the SEC.  For additional information concerning factors that could cause actual results and events to differ materially from those projected herein, please refer to the Company's most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and to other documents filed by the Company with the SEC. We caution you that the forward-looking information presented in this communication 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 communication.

Any forward-looking statements represent the Company's views only as of the date of this communication and should not be relied upon as representing the Company's views as of any subsequent date, and the Company undertakes no obligation, other than as may be required by law, to update any forward-looking statement.

 

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SOURCE Univar Solutions Inc.

FAQ

What does the exclusive distribution agreement between Univar Solutions and dsm-firmenich entail?

The exclusive distribution agreement allows Univar Solutions to provide beauty and personal care customers in Central America, Mexico, and the Caribbean with access to dsm-firmenich's complete product portfolio, including sun care, skin care, and hair care solutions.

How does this agreement benefit Univar Solutions?

This agreement expands Univar Solutions' product portfolio in the beauty and personal care industry, allowing them to offer innovative and locally applicable personal care ingredients and solutions in Central America, Mexico, and the Caribbean.

What sectors does Univar Solutions serve in the beauty and personal care industry?

Univar Solutions serves the sun care, skin care, color cosmetics, and hair care sectors in the beauty and personal care industry.

What is dsm-firmenich known for?

dsm-firmenich is a global leader in UV filters and vitamins, with over 40 years' experience in skin bioactives. They offer a portfolio of innovative personal care solutions, including UV filters, vitamins, actives, extracts, peptides, and performance ingredients.

Which regions will benefit from this distribution agreement?

The distribution agreement covers Central America (Costa Rica, Guatemala, El Salvador, Panama, and Honduras), Mexico, and the Caribbean.