Agreement includes organic peroxides for rubber and plastic additives customers in Belgium, France, and Turkey
DOWNERS GROVE, Ill., Oct. 26, 2022 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a leading global solutions provider to users of specialty ingredients and chemicals, today announced the Company has expanded its authorization with Arkema to distribute its cross-linking organic peroxides in Belgium, France, and Turkey, beginning January 1, 2023. The new agreement adds to the companies' existing distribution partnership currently serving rubber and plastic additives customers in Portugal and Spain's cross-linking markets.
"We are excited to expand our relationship with Arkema and better serve customers across Europe. By strengthening our collaboration and bringing these organic peroxide solutions to a variety of high performance, demanding industries, we are proving ourselves to be a valuable partner to customers and a reliable partner to suppliers," said Chris Fitzgerald, global vice president, CASE, Rubber and Plastic Additives for Univar Solutions. "We are confident customers will benefit from our global footprint that gives us the ability to partner with suppliers who are also committed to building a more sustainable supply chain, while expanding our focus on dedicated resources for the rubber and plastics markets through strong local and technical support, and focused commercial execution."
Arkema's Luperox and Retic are organic peroxides that are used in manufacturing and for the operation of industrial facilities. They are essential for cross-linking of rubber and elastomers to help increase their mechanical strength and resistance to chemicals and weather. These ranges of organic peroxides can help contribute to increased productivity, reduced production costs, and optimized quality of synthesized plastics (thermoplastic and thermoset).
Romuald de Haut de Sigy, group president Functional Additives at Arkema, added, "I was impressed by the teams at Univar Solutions; their dynamism, structure, professionalism, and market knowledge serve as a sound foundation for strategy and growth. I am looking forward to the synergies this partnership will bring to both our companies and to our valued customers."
Visit univarsolutions.com/rubber-and-plastic-additives to learn more about furthering innovation and sustainable solutions for rubber and plastic additives.
Univar Solutions (NYSE: UNVR) is a leading global commodity and 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.
Arkema, the world's leading producer of bis-peroxide with its brands Luperox, Vulcup and Retic, has an integrated production chain in Europe and the United States, from the active substance with its sites in Spinetta, Italy and Franklin, Virginia, to formulation with its center of excellence on the Agnani site (Italy) and multiple formulation workshops in the United States, Brazil, India and the Far East.
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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