Univar Solutions Acquires Kale Kimya

Univar Solutions Acquires Kale Kimya Univar Solutions Inc., one of the world's leading solution providers for specialty additives and chemicals users, has announced that it has signed an agreement to acquire Kale Kimya, a leading specialty chemicals distributor in Turkey. Founded in 1975, Kale Kimya provides its customers with a broad range of cleaning products for homes and workplaces, as well as high-level formulation laboratory capabilities, technical expertise and surfactants, emulsifiers, preservatives, UV filters, fragrances, polymers, thickeners, esters and softeners. Nick Powell, President of Global Ingredients & Specialties, said: "This acquisition advances our strategy to grow our Ingredients and Specialties business with a leading company that strengthens and contributes to our product portfolio and geographic expansion. We are pleased to welcome Kale Kimya to the Univar Solutions family in the near term. As our company continues to capitalize on changing consumer trends in the market, their experience and expertise will support our customers in the region." Birgen Kaleağası Özemre, Board Chairman of Kale Kimya, stated: "This acquisition reflects a strong alignment between two companies that share common principles including market leadership reputation, expert technical support, an innovative spirit and deep commitment to exceptional customer service. This will help us take our employees and products to the next level. We look forward to becoming a unified company with Univar Solutions." Financial details of the agreement have not yet been disclosed. Completion of the acquisition is subject to certain regulatory approvals and is expected to take place in the first quarter of 2023. Source