DOWNERS GROVE, Ill. — Univar Solutions Inc., a leading specialty ingredients and chemicals provider, announced the acquisition of FloChem Ltd. and certain of its affiliates, an industry leader in the distribution of chemicals and related dispensing systems in eastern Canada.
The acquisition gives the company access to new market segments, increased market position on key in-demand products, and new service capabilities.
FloChem is a distributor of commodity and specialty chemical solutions from North American manufacturers, including caustic soda, hydrochloric acid, phosphoric acid, hydrogen peroxide, bleach and sulfuric acid. Other offerings include products serving a variety of disinfectant and cleaning formulations in wastewater and water treatment; pool and spa; mini-bulk offerings; and food and beverage, to name a few.
"As an industry leader in chemical distribution and dispensing systems, FloChem is uniquely positioned within our Canadian market to expand our bulk chemical distribution network while expanding our access to some of the most widely used industrial chemicals and services," said David Jukes, president and CEO of Univar Solutions. "This acquisition demonstrates our continued focus on our growth strategy and strategic imperatives to drive success now and into the future."
FloChem also offers a variety of value-added services, including specialty formulas/blends, custom packaging, and bulk freight service through a dedicated private fleet of trucks and tanker trailers.
"Responsiveness, reliability and safety are all hallmarks of our commitment to customers and shared values between our two companies," said Jim Holcomb, president of North America and chemicals and services for Univar Solutions. "The addition of FloChem's value-added services helps us continue our focus on service excellence while also opening the doors to several new markets, increased local capabilities with the addition of MiniBulk, and greater flexibility to manage logistics in Eastern Canada."
"We couldn't be more pleased to join a leading global solutions provider that aligns so well with our company, our values, and our culture," said Terry Tucker, CEO and president of FloChem. "This agreement represents a great step toward increased collaboration with our customers and supply chain partners to offer value-added products, solution-driven initiatives, and innovative new processes."
Terms of the transaction were not disclosed.