Wired News – Univar Expands Scope of Distribution Agreement with BASF to Include Care Chemicals Product Lines
Stock Monitor: Rayonier Advanced Materials Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 15, 2018 / If you want access to our free research report on Univar Inc. (NYSE: UNVR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=UNVR as the Company's latest news hit the wire. On May 11, 2018, the Company announced that it has expanded its agreement with BASF SE to distribute products from Care Chemicals business for the US market. The Care Chemicals business includes the product lines from the Home, Industrial & Institutional, and Vehicle Care segments. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Commenting on the expansion of distribution agreement with BASF, Aaron Lee, Director of Surfactants, Chelants and HIC at Univar, said:
"This expanded agreement means Univar customers will enjoy access to the complete range of HIC products within BASF's portfolio, while also enjoying the support of our dedicated HIC labs across the country and technical experts with excellent formulation competency. We continue to assess market needs so that we can offer our customers products and services designed to help them overcome challenges."
Details of Expanded Distribution Agreement
Univar has been distributing BASF products for a long time. Household and Industrial Cleaning (HIC) is a key industry for Univar and it has been supplying a range of materials from the world's leading specialty and core product suppliers to HIC manufacturers. Univar has a dedicated team of technical experts who advise customers regarding on various matters related to formulation and application faced by these HIC manufacturers. BASF's Care Chemicals portfolio includes a wide range of products for the hygiene, personal care, home care, industrial & institutional cleaning as well as technical applications. By bringing together BASF's offerings for the HIC market and Univar's expertise in providing technical services, global network reach, and an online ecommerce platform it's a win-win opportunity for customers in the HIC market. They will gain an avenue for getting unmatched support for all their formulation needs.
Some of the major brands which will benefit from the Univar - BASF extended distribution agreement includes - Pluronic®, T-Maz®, Glucopon®, Trilon®, Lutensol®, Texapon®, Plurafac®, and Disponil®.
Benefits of New Agreement
The expanded distribution agreement with BASF will prove to be highly beneficial to Univar's customers. They will have the benefit of using the MyUnivar(dot)com platform which can be accessed from any device. The customers will have ease of choosing from the entire Univar's product catalogue and can order and reorder with ease at the click of a button.
With increasing regulations like European Union's REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), HIC customers can make informed choices. REACH addresses the production and use of chemical substances, and their potential impacts on both human health and the environment.
The US Environmental Protection Agency (EPA) also has a similar initiative wherein cleaning and other products are backed by Safer Choice label which helps consumers and commercial buyers identify products with safer chemical ingredients, without sacrificing quality or performance.
Univar will be able to provide a larger range of products to customers as there is increasing awareness especially amongst millennials regarding Safer Choice products. By catering to this market, the Company will allow its HIC customers to stay ahead of industry trends like "Safer Choice".
About BASF and Care Chemicals Business
Florham Park, New Jersey based BASF Corporation is an affiliate of BASF SE, Ludwigshafen, Germany. It is the second largest producer and marketer of chemicals and related products in North America and caters to the chemicals, automotive, agriculture, construction, personal care, health and nutrition, packaging and consumer products industries. BASF has more than 18,200 employees in North America, and sales of $17.9 billion in 2017.
BASF's Care Chemicals division offers a broad range of ingredients for personal care, hygiene, home care, industrial & institutional cleaning, and technical application. This division is a leading global supplier for cosmetics and detergents & cleaners industry. Its product portfolio includes surfactants, emulsifiers, polymers, emollients, chelating agents, cosmetic active ingredients and UV filters.
About Univar Inc.
Downers Grove, Illinois-based Univar was founded in 1924 and is a global leader in the distribution of chemistry and related products and services. The Company has a comprehensive team of sales and technical professionals with deep specialty and market expertise. The Company operates hundreds of distribution facilities throughout North America, Western Europe, Asia/Pacific and Latin America. The Company has a global network of 600+ distribution facilities across the world and 100,000+ customers in more than 150 countries. It is supported by a team of 8,700 employees.
Stock Performance Snapshot
May 14, 2018 - At Monday's closing bell, Univar's stock was slightly up 0.59%, ending the trading session at $27.07.
Volume traded for the day: 2.10 million shares, which was above the 3-month average volume of 974.03 thousand shares.
Stock performance in the previous three-month period – up 0.78%
After yesterday's close, Univar's market cap was at $4.02 billion.
Price to Earnings (P/E) ratio was at 16.04.
The stock is part of the Basic Materials sector, categorized under the Chemicals - Major Diversified industry. This sector was up 1.0% at the end of the session.
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