The takeover enables Univar Solutions to expand its range of innovative products and solutions across Europe.
Univar Solutions LLC (“Univar Solutions” or “The Company”) announced that it took over the Brad-Chem Holdings (“Brad-Chem”) based in the United Kingdom, which also took over the takeover of Brad- Kem, the joint venture, which is in the common possession of Brad-Chem and his partner that is based in Belgium. Expand special products and contribute to covering the growing customer demand for sales and the mixture of special lubricant additives, special basic oils and functional additives for various industries throughout the United Kingdom and in Europe.
Brad-Chem specializes in sales and mixture of special lubricating additives, multimetal corrosion inhibitors, copper passivators, mutual lubricating materials and dispersions for lubricant, metal treatment, cleaning, de-ex and water treatment industry in over 40 countries across Europe.
“This takeover brings us closer to our ambitious goals to strengthen support for our customers across Europe by offering a larger portfolio of special products and additive mixes in the markets for lubricants and metal machining fluids as well as for coatings, adhesives, sealing agents and elastomers (case) “, said Nick Powell, President of Global Ingredients & Specialties, Univar Solutions.” The combination of Brad-Chem products and partners with our extensive global sales network and our technical expertise will bring customers and suppliers significantly. “
“The takeover is an exciting opportunity for our Performance Materials division, the increasing customer demand for special basic materials and functional additives that can help our customers formulate high -performance products that reduce energy consumption, extend the lifespan and improve corrosion management”, Matthew Oliver, Global Vice President of Performance Materials at Univar Solutions.
“We are pleased to be part of the world-class organization of Univar Solutions,” said Chris Brady, Managing Director of Brad-Chem. “The takeover will help us, on our joint technical know-how, our strengths in customer service and our Building the product portfolio.
Information about Brad-Chem Brad-Chem has its headquarters in the United Kingdom and is a leading provider of corrosion protection products and lubricating additives. The company specializes in sales and mixture of special lubricating additives, multimetal corrosion inhibitors, copper passivators, mutual lubricating materials and dispersions for lubricating, metal treatment, cleaning, de-ex and water treatment industry in over 40 countries. You can find more information at https://brad-chem.co.uk/.
Information on Univar Solutions Univar Solutions is a leading global solution provider for users of special ingredients and chemicals, which represents a first -class portfolio from worldwide leading manufacturers. With the largest private transport fleet and the largest technical sales team in the industry, unprecedented logistics know-how, profound market and regulatory skills, first-class formulation and recipe development and leading digital tools, Univar Solutions is well positioned in order to make tailor-made solutions and added value for a variety of To offer markets, industries and applications. Univar Solutions has set itself the task of supporting customers and suppliers in innovations and concentrating on shared growth. You can find more information at univarsolutions.com.
Future -oriented statements This press release contains certain statements that relate to future events and our intentions, beliefs, expectations and predictions for the future. These are “future-oriented statements” in the sense of section 27a of the US Securities Act (Securities Act) from 1933 and Section 21e of the US Stock Exchange Act (Securities Exchange Act) from 1934 in the valid version. And unknown risks and uncertainties, many of which can be under control. In the documents that the company has submitted to the Securities and Exchange Commission. -19 pandemic; Measures that can be taken by government agencies to tackle the effects of covid-19 pandemic or otherwise mitigate; the potential negative effects of COVID-19 on the global economy and our customers and suppliers; The overall effects of Covid-19 pandemic on our business, our operating results and our financial situation; other fluctuations in general economic conditions, especially in the industrial production and demand of our customers; significant changes in the business strategies of manufacturers or the business of our customers; increased competitive pressure, also as a result of the consolidation of competitors; Significant changes to the prices, the demand and availability of chemicals; our degree of debt, the restrictions imposed by our guilt titles and our ability to obtain additional funds if necessary; the broad spectrum of laws and regulations that we are subject to, including comprehensive environmental, health and security laws and regulations; to integrate the inability to integrate the business and the systems of companies that we acquire, including Nexeo Solutions, Inc., or to implement the expected advantages of such acquisitions; Potential business interruptions and security violations, including cyber security incidents; the inability to generate sufficiently operational capital; Increases of transport and fuel costs and changes in our relationship with third-party providers; Accidents, security deficiencies, environmental damage, problems with product quality and liability as well as recalls; larger or systemic delivery failures concern our sales network or the products we have displaced; Company risks against which we may not be sufficiently insured; ongoing legal disputes and other legal and regulatory risks; Challenges related to international business; Interest and currency fluctuations; Potential reduction in the company’s value; Liabilities in connection with acquisitions, activities and strategic investments; negative developments that affect our pension plans and the pensions of several employers; Work interruptions in connection with the union -organized part of our workforce; And the other factors described in the documents of the company submitted in the Securities and Exchange Commission. We would like to point out that the future -oriented information contained in this press release does not provide a guarantee of future events or results and that the actual events or results can deviate significantly from those that are contained in the future information in this press release or are implied by them . In addition, future -oriented statements can generally be carried out by using future -oriented terminology such as “can”, “plan”, “striving”, “being”, “expecting”, “intend”, “appreciation”, “prediction”, “faith” or “Continue” or their negation or modifications or similar terminology are identified. The company is not obliged to update or revise future -oriented information in order to reflect on changes in the assumptions, the occurrence of unforeseen events or other things, unless this is required by law.
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