Univar Solutions Expands Food Ingredients Portfolio in North America with Addition of Aroma Ingredients from Camlin Fine Sciences, Ltd.
Additional supply of aroma ingredients available for customers in the United States and Canada
DOWNERS GROVE, Ill., June 29, 2023 /CNW/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a leading global solutions provider to users of specialty ingredients and chemicals, announced today that the Company has become an authorized distributor for Camlin Fine Sciences Ltd.'s (CFS) aroma ingredients in the United States and Canada.
"We are thrilled to expand our partnership with CFS into the aroma ingredients space in the United States and Canada," said Kevin Hack, global vice president of global food ingredients for Univar Solutions. "Our new agreement will allow Univar Solutions to bring CFS' products to market in a region that has been historically short on supply. We are excited to now offer the adorr™ vanillin range to our mutual customers."
From specialty ingredient innovation to recipe testing, food brands of all sizes turn to Foodology by Univar Solutions for help with tackling product development challenges. The organization's knowledgeable in-house scientists refresh and develop formulas to enhance the efficacy of products through its food Solution Centers and test kitchens while working toward the Company's purpose of helping to keep people healthy, fed, clean, and safe.
CFS is a leading producer of the vanillin range, a widely used flavoring in various markets such as chocolate, bakery, beverages, pharmaceuticals, nutrition, and flavor and fragrances to name a few. The adorr™ vanillin range also offers a rich sensory profile, making it suitable for a wide range of applications, extending it to incense and animal nutrition and making it even more versatile for various applications. Aroma ingredients such as vanillin play a pivotal role in imparting flavor profiles, enabling businesses to create delightful sensory experiences for their consumers.
"Our collaboration with Univar Solutions will enable us to expand our reach and better serve customers in the North America region. CFS has built a strong reputation over the past three decades, known for its market knowledge, expertise, exceptional customer service, and high-quality products," said Eric Santos, vice president of aroma ingredients for CFS. "One of the key aspects that sets us apart is our shared commitment with Univar Solutions to ensure a secure supply chain and speed-to-market sustainable solutions. CFS' fully integrated facility, supported by efficient technology and locally sourced raw materials, ensures the production of vanillin with complete traceability and stability, offering a steady supply for customers."
For more information about Univar Solutions' food ingredients business, visit univarsolutions.com/foodology.
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 www.univarsolutions.com.
Camlin Fine Sciences, Ltd.
With over 30 years of experience, Camlin Fine Sciences Limited (CFS) has engaged in research, development, manufacturing, and marketing of specialty chemicals and blends, which are widely used in everyday life across foods, animal, pet food, flavors, fragrances, pharmaceuticals, agrochemicals, petrochemicals, dyes, pigments, and polymers. With sales offices and manufacturing plants in India, Italy, Mexico, the Andean States, the United States, China, Malaysia, Chile, Argentina, and Brazil, we have established a robust network that spans multiple continents, allowing the company to serve our customers wherever they are. The global company has five customer service and application labs across four continents and three accredited research and development centers, formulation, and custom blending facilities worldwide. CFS has more than 1,250 customers and products available in over 160 countries. In its commitment to promote ESG, CFS will power its manufacturing plants with green energy by 2030. The company is also driven by its passion to provide better food for mankind and is dedicated to creating products that can address the challenges of food safety, sustainability, and health in a holistic manner. Learn more at camlinfs.com.
Forward-Looking Statements
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and outlook 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, including, without limitation, statements regarding, the Company's market opportunities, strategic plan, business objectives, and other initiatives, as well as statements regarding the expected timing of the completion of the proposed acquisition of Univar Solutions referred to in this press release and the ability of the parties to consummate the proposed transaction. 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. Potential factors that could affect such forward-looking statements include, among others: that a condition to the closing of the proposed transaction may not be satisfied; the occurrence of any event that can give rise to termination of the proposed transaction; the failure to obtain certain required regulatory approvals or the failure to satisfy any of the other closing conditions to the completion of the proposed transaction within the expected timeframes or at all; management's time and attention being diverted to issues related to the proposed transaction; the Company's ability to meet expectations regarding the timing and completion of the proposed transaction; disruption from the proposed transaction making it more difficult to maintain business, contractual and operational relationships; the institution of legal proceedings against the Company or the other parties to the proposed transaction and their affiliates related to the proposed transaction; the Company becoming unable to retain or hire key personnel due to the proposed transaction; the announcement of the proposed transaction having a negative effect on the market price of the Company's common stock or operating results; certain restrictions during the pendency of the proposed transaction that may impact the Company's ability to pursue certain business opportunities or strategic transactions; the Company's ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; economic conditions, particularly fluctuations in industrial production and consumption and the timing and extent of economic downturns; significant changes in the business strategies of producers or in the operations of our customers; delivery failures or hazards and risks related to our operations and the hazardous materials we handle; potential inability to obtain adequate insurance coverage; increased competitive pressures, including as a result of competitor consolidation; potential supply chain disruptions; significant changes in the pricing, demand and availability of chemicals; potential cybersecurity incidents, including security breaches; our indebtedness, the restrictions imposed by, and costs associated with, our debt instruments, and our ability to obtain additional financing; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations and changes in tax laws; an inability to generate sufficient working capital; transportation related challenges, including increases in transportation and fuel costs, changes in our relationship with third party transportation providers, and ability to attract and retain qualified drivers; accidents, safety failures, environmental damage, and product quality issues; ongoing litigation, potential product liability claims and recalls, and other environmental, legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; an inability to integrate the business and systems of companies we acquire, including failure to realize the anticipated benefits of such acquisitions; possible impairment of goodwill and intangible assets; our ability to attract or retain a qualified and diverse workforce; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; our ability to execute on our initiatives and goals related to environmental, social, and governance ("ESG") matters and the increasing legal and regulatory focus on ESG; the impacts resulting from the conflict in Ukraine or related geopolitical tensions; the ability of the Company to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, conflict, pandemic, security breach, cyber- attack, power loss, telecommunications failure, or other natural or man-made event, including the ability to function remotely during long-term disruptions such as the COVID-19 pandemic; the impact of public health crises, such as pandemics (including the COVID-19 pandemic) and epidemics and any related Company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, "shelter in place," "stay at home," workforce reduction, social distancing, shut down, or similar actions and policies; actions by third parties, including government agencies; and the other factors described in the Company's filings with the SEC. For additional information concerning factors that could cause actual results and events to differ materially from those projected herein, please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2022, as well as other documents filed by the Company with the SEC, including subsequent Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. In addition, the Company discusses certain of these risks in greater detail, and other risks associated with the proposed transaction, in the definitive proxy statement filed with the SEC on May 2, 2023. 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.
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