STOCK TITAN

Univar Solutions Expands Houston Solution Center with Addition of Homecare and Industrial Cleaning Laboratory

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

On February 2, 2022, Univar Solutions (NYSE: UNVR) announced the expansion of its Houston Solution Center with a new homecare and industrial cleaning laboratory. This facility aims to enhance technical innovation in response to the growing demand for sustainable and effective cleaning products, especially post-COVID-19. It will house a skilled team of scientists and state-of-the-art technology to facilitate product testing, development, and faster market entry for environmentally friendly solutions. This investment highlights Univar's commitment to meeting regulatory changes and consumer demand in the cleaning industry.

Positive
  • Expansion of Houston Solution Center enhances capabilities for product development in homecare and industrial cleaning.
  • Focus on sustainability aligns with increasing consumer demand for environmentally friendly products.
  • Investment in laboratory facilities allows faster response to market needs and regulatory changes.
Negative
  • None.

DOWNERS GROVE, Ill., Feb. 2, 2022 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, today followed up on its commitment to lead technical innovation for the chemical and specialty ingredient industry with the addition of a full-service homecare and industrial cleaning laboratory to its flagship Solution Center in Houston, Texas. A hub for innovation, product testing and application development, this latest investment will further enable Univar Solutions to help its customers better respond to shifts in consumer demand, regulatory changes and ingredient trends with a particular focus on sustainable and natural solutions. A dedicated team of scientists, chemists and technical experts, backed by the latest equipment, analytics and advanced testing processes, will partner with customers and suppliers to help deliver next-generation homecare and industrial cleaning products for better performing and more environmentally friendly solutions.

Univar Solutions Expands Houston Solution Center with Addition of Homecare and Industrial Cleaning Laboratory

"The fast-growing and ever-evolving nature of the cleaning industry means companies need a valued partner with deep expertise and the latest technology who can help drive technical innovation to bring better sustainability and accelerate the time to market," explained Aaron Lee, global vice president of homecare and industrial cleaning. "We're excited to offer our customers and suppliers access to a truly world-class technical facility staffed by some of the cleaning industry's brightest minds, where together we can help create greener, more sustainable products and solutions for a better world."

Across homes, industries and other institutions, the demand for effective, environmentally conscious and sustainable cleaning products is accelerating, particularly in response to the global pandemic and an increase in ingredient literacy. Operating at the intersection of science and technology, the scientists, chemists and technical experts across Univar Solutions' global network of Solution Centers work to help bring simpler, cleaner and more sustainable and effective products to market across the homecare and industrial cleaning, beauty and personal care, food ingredients, pharmaceutical ingredients and other markets.

"With our finger on the pulse of ingredient trends, we're combining deep industry and technical knowledge with the latest technology, testing and processes to help brands more efficiently bring new and more environmentally friendly products to market, enter new industry segments, reformulate existing products and respond to consumer demand," said Dr. Andrew Mint, director of global Solution Centers for Univar Solutions. "The expansion of our flagship facility in Houston, Texas, is just one piece of a global network of solution centers that help support our diverse portfolio of global customers and suppliers."

Among other services, the laboratory will offer efficacy testing of cleaning products, as the homecare and industrial cleaning industry continues to adapt to the changing demands that have occurred as a result of the COVID-19 pandemic and to help bring more sustainable options to the market. End product applications expected to be developed at the facility include industry staples such as detergents, cleaners and disinfectants.

Learn more about Univar Solutions' homecare and industrial cleaning business at https://www.univarsolutions.com/HIC.     

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 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.

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/univar-solutions-expands-houston-solution-center-with-addition-of-homecare-and-industrial-cleaning-laboratory-301474315.html

SOURCE Univar Solutions Inc.

FAQ

What is the significance of Univar's new laboratory in Houston?

The new laboratory enhances technical innovation and supports the development of sustainable cleaning products, responding to market demand.

How does Univar Solutions plan to address consumer demand with its new facility?

Univar Solutions aims to create greener products by utilizing a team of experts and advanced technology in its expanded Houston facility.

What markets will benefit from Univar's Houston Solution Center expansion?

The expansion will benefit the homecare and industrial cleaning markets, particularly in developing sustainable cleaning solutions.

When was the announcement made regarding the Houston Solution Center expansion?

The announcement was made on February 2, 2022.

What is Univar's stock symbol?

Univar's stock symbol is UNVR.

Univar Solutions Inc.

NYSE:UNVR

UNVR Rankings

UNVR Latest News

UNVR Stock Data

5.70B
155.87M
Other Chemical and Allied Products Merchant Wholesalers
Wholesale Trade
Link
US
Downers Grove