Univar Solutions Inc. recently announced that its wholly owned subsidiary, Univar Solutions China Co. Ltd., has reached an agreement with Zhuhai Techi Chem Silicone Industry Corp. (Techi Chem) to acquire the business to distribute specialty silicone solutions used primarily for the coatings, adhesives, sealants, and elastomers (CASE) market. The agreement is expected to close in mid-December.
Univar Solutions reports that the agreement aligns to its global approach to its dedicated end market verticals as it provides new opportunities for growth by further positioning Univar Solutions to bring differential value to customers and suppliers within the CASE market. With a focus on offering innovative solutions to meet market needs and trends, Univar Solutions reportedly intends to deliver a consistent global approach across key industries through a worldwide footprint of industry-leading capabilities, technical Solution Centers, and market knowledge, as well as a premier line of products and comprehensive solutions.
“Univar Solutions has the capability to consistently provide our suppliers and customers with added value services to assist in their pursuit of growth and we are very excited to add the depth and breadth of Techi Chem’s leading specialty silicone solutions within the China marketplace,” said Nick Powell, president, Specialty Chemicals and Ingredients and president EMEA & APAC for Univar Solutions. “Our customers throughout China will benefit from Techi Chem’s strong relationship with the leading global silicone supplier as well as Univar Solutions’ global silicone expertise and network of technical Solutions Centers that will provide comprehensive solutions for the Chinese market.”
“Techi Chem’s relationships and expertise will benefit our customers in China and throughout the region,” said Myron Li, general manager of Asia Pacific for Univar Solutions. “We look forward to expanding our products and industry solutions for the China market.”
For more information, visit www.univarsolutions.com.