THE WHAT? Univar Solutions has announced the acquisition of ChemSol Group. The ingredients and specialty distributor operates in Costa Rica, Guatemala, El Salvador, Panama and Honduras.
THE DETAILS Terms of the transaction were not disclosed. Ciro Guerra, Founder and General Director of ChemSol Group, said: “We are excited to join Univar Solutions and provide our customers and suppliers with access to more products, capabilities, and digital innovation that will help their businesses grow. Univar Solutions shares many of the values that are central to ChemSol’s culture and strategy, including a commitment to collaboration, innovation, and a deep respect for teamwork, making it a seamless fit for our commercial partners and the perfect place for our team to continue growing their skills and careers.”THE WHY? The acquisition of ChemSol will enhance the Company’s geographic footprint in the growing Central American region, as well as its formulation and commercial offering across a wide array of key growth markets. As Nick Powell, President of Global Ingredients & Specialties for Univar Solutions, noted, “The ChemSol business strengthens both our Ingredients and Specialties portfolio and our geographic reach, further enhancing Univar Solutions position as a strategic partner of choice to our suppliers and customers. We’re thrilled to help Central American customers solve some of their toughest challenges and stay ahead of industry-specific trends and regulatory changes by tapping into our continuous innovation, sustainable solutions, and global network of formulation and technical expertise, and commercial support.”