Univar Solutions Expands Distribution Agreement with Tata Chemicals Ltd for Digestive Health Ingredients

Rhea-AI Summary

Univar Solutions (NYSE: UNVR) has expanded its distribution agreement with Tata Chemicals Ltd, becoming the exclusive distributor of Tata's prebiotic dietary fibers, FOSSENCE® and GOSSENCE®, in the Eastern and Central United States. This partnership aims to enhance offerings for food and nutraceutical manufacturers, aligning with health and wellness trends. The products, developed through Tata's proprietary fermentation technology, support the growth of healthy microbiomes and are applicable in various food industries. This collaboration underscores Univar's commitment to innovation and customer service in the North American market.

Positive

• Expanded distribution agreement with Tata Chemicals Ltd.
• Exclusive distributor of prebiotic dietary fibers in Eastern and Central U.S.
• Enhances product portfolio with FOSSENCE® and GOSSENCE® for food and nutraceutical markets.

Negative

• None.

DOWNERS GROVE, Ill., June 24, 2021 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, today announced an expanded distribution agreement with Tata Chemicals Ltd. The agreement builds on the companies' existing relationship in Canada and appoints Univar Solutions as the exclusive distributor of Tata's range of prebiotic dietary fibers - FOSSENCE® and GOSSENCE® across the Eastern and Central United States.

The addition of FOSSENCE® and GOSSENCE®, which are produced using Tata Chemicals' proprietary in-house developed fermentation technology, to Univar Solutions' industry-leading specialty ingredients portfolio, provides food and nutraceutical manufacturers in the United States with additional options to help them meet evolving health, wellness and nutritional trends.

"We are thrilled to expand our relationship with Tata Chemicals to provide exclusive access to their digestive health and functional ingredients for the fast-growing food and nutraceutical industries," said Matthew Ottaway, senior vice president of consumer solutions at Univar Solutions. "By combining Tata's patented bio-fermentation process and commitment to sustainable manufacturing with Univar Solutions' technical expertise and market reach, customers will experience outstanding value through innovative, wellness-inspired solutions and new product development opportunities for years to come."

The Nutrition Sciences division of Tata Chemicals Ltd., under the brand Tata NQ, produces prebiotic dietary fibers designed to help promote the growth of a healthy microbiome, and offers additional formulation benefits including assistance with sugar reduction. These digestive health ingredients are used in a wide range of applications including dietary supplements; functional foods (bakery, dairy, snack foods); nutraceuticals; confectionaries; pet food; and other nutritional solutions.

"North America is a focus market for us and we are confident that our partnership with Univar Solutions will help provide our customers with quicker access, shorter lead times and exceptional customer service." said Venkatadri Ranganathan, COO, Nutrition Sciences Business, Tata Chemicals Ltd. "Our portfolio of science backed ingredients manufactured using our patented whole-cell fermentation technology provides options to help address the needs of the health-conscious, hyperaware customers of today. We are sure that Univar Solutions would be a great partner and will add to our 80+ year old global legacy and values synonymous with the Tata Group." For more information visit tatanq.com.

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 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 and https://discover.univarsolutions.com/suppliers/tata-nq/prebiotic-fiber-solutions/

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 Univar Solutions' new distribution agreement about?

Univar Solutions has expanded its distribution agreement with Tata Chemicals to exclusively distribute prebiotic dietary fibers in the Eastern and Central United States.

What products will Univar Solutions distribute under the new agreement?

Univar Solutions will distribute FOSSENCE® and GOSSENCE®, prebiotic dietary fibers produced by Tata Chemicals.

When was the distribution agreement between Univar Solutions and Tata Chemicals announced?

The distribution agreement was announced on June 24, 2021.

Which markets is Univar Solutions targeting with the new agreement?

Univar Solutions is targeting the food and nutraceutical industries in the Eastern and Central United States.

What technologies are used to produce the prebiotic fibers distributed by Univar Solutions?

The prebiotic fibers, FOSSENCE® and GOSSENCE®, are produced using Tata Chemicals' proprietary fermentation technology.