Univar Solutions Appointed Distributor for Poth Hille Wax Products

Rhea-AI Summary

Univar B.V., a subsidiary of Univar Solutions (NYSE: UNVR), has been appointed as the distributor for Poth Hille & Co., Ltd.'s wax products across Europe, Russia, Ukraine, and Turkey. This partnership broadens Univar's beauty and personal care offerings, which now include a diverse portfolio of natural and traditional waxes utilized in cosmetics and skincare. Poth Hille's waxes are known for enhancing product properties such as gloss and longevity. The collaboration aims to meet the increasing demand for sustainable and eco-friendly ingredients in the beauty sector.

Positive

• New exclusive partnership with Poth Hille to distribute wax products enhances Univar's beauty portfolio.
• Expanded access to environmentally friendly and certified natural waxes meets growing market demand.

Negative

• None.

ROTTERDAM, Netherlands, June 17, 2020 /PRNewswire/ -- Univar B.V., a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions"), a global chemical and ingredient distributor and provider of value-added services, announced today that Poth Hille & Co., Ltd., has selected Univar Solutions to distribute its portfolio of waxes used in beauty and personal care applications across Europe, Russia, Ukraine and Turkey. This addition further expands Univar Solutions' comprehensive offering of beauty and personal care products across the region.

Poth Hille has a long history of manufacturing in the United Kingdom.  Their extensive range of waxes, including environmentally friendly, sustainable and ECOCERT approved options are available globally. The portfolio to be distributed by Univar Solutions is made up of a wide variety of natural and traditional waxes for cosmetics and skin care products. Waxes play an essential role in many formulations in the beauty and personal care market. They are primarily distinguished by properties that enhance gloss, increase gelling strength, improve product longevity, emollience and oil retention, across hair styling, body and skin care, and color cosmetics market segments. 

"We are thrilled that our customers have access to this new, exclusive partnership with Poth Hille, a leading manufacturer of waxes in the United Kingdom. Our portfolio of ingredients is even more comprehensive with the addition of their natural and synthetic waxes, which are used across all beauty and personal care segments,'' said Kelly Gilroy, who leads Univar Solutions' global beauty and personal care business. "Poth Hille chose us as a strategic partner to help them expand their wax-based solutions to a broader geographical region, and we look forward to bringing these waxes into Europe."

Poth Hille sales director, Phil Buchan added, "We are excited to announce a new and exclusive partnership with Univar Solutions within the Beauty and Personal Care market. Their market-leading product portfolio complements our own natural and synthetic waxes and blends. Univar Solutions' extensive distribution network, local product knowledge, and comprehensive technical support will provide a great opportunity to create new waxed-based solutions based on the growing demand for certified natural, bio-based, plant-based, and renewable ingredients, delivering even greater value for customers."

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 www.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 recent partnership involving Univar Solutions and Poth Hille?

Univar Solutions has partnered with Poth Hille to distribute its wax products for beauty and personal care across Europe, Russia, Ukraine, and Turkey.

How will the partnership with Poth Hille benefit Univar Solutions?

The partnership expands Univar's product offerings in beauty and personal care, providing customers with access to a wider range of natural and traditional waxes.

What markets will Univar Solutions serve with Poth Hille's waxes?

Univar Solutions will distribute Poth Hille's wax products in Europe, Russia, Ukraine, and Turkey.

What types of waxes will Univar Solutions distribute from Poth Hille?

Univar Solutions will offer a variety of natural and traditional waxes that are used in cosmetics and skincare formulations.

When was the partnership between Univar Solutions and Poth Hille announced?

The partnership was announced on June 17, 2020.