THE WHAT? Univar Solutions has announced that it has signed an agreement to acquire Turkish specialty chemicals distributor, Kale Kimya.
THE DETAILS Terms of the transaction were not disclosed. The purchase is expected to complete before the end of the quarter.
“This acquisition is a great fit between two companies that share market-leading reputations, expert technical support, a spirit of innovation and relentless dedication to exceptional customer service,” said Birgen Kaleağası Özemre, CEO, Kale Kimya. “This will support the growth of our people and products even further, and I look forward to becoming a unified company with Univar Solutions.”
THE WHY? Nick Powell, Univar President of Global Ingredients & Specialties, explains, “This acquisition further progresses our strategy to grow our Ingredients and Specialties business with a leading company that builds on and adds to our strengths, geographic footprint and product portfolio. I am delighted to soon welcome Kale Kimya to the Univar Solutions family. Their experience and knowledge will support our customers in the region, as we continue to capitalize on changing consumer trends in the marketplace.”
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