Univar Solutions Inc Stock Price, News & Analysis

Univar Solutions (NYSE: UNVR) announced a distribution agreement with Emerald Kalama Chemical to distribute Kalaguard SB, the first EPA registered sodium benzoate preservative for homecare applications, in the U.S. The product is designed to meet rising demand for eco-friendly preservatives in the homecare sector. With the ongoing COVID-19 pandemic increasing the need for industrial cleaners, this collaboration provides customers with an additional preservative option, enhancing Univar's product portfolio in response to regulatory and consumer trends.

Univar Solutions Inc. (NYSE: UNVR) has expanded its distribution agreement with Solvay Group to distribute coatings products in the U.S. and Canada. As the exclusive national distributor for Solvay in these sectors, Univar will leverage its expertise to enhance availability of Solvay's innovative coatings and industrial products. Applications range from paints to lubricants. This partnership aims to address technical challenges and create new business opportunities, reinforcing Univar's position as a leader in specialty chemical distribution.

Univar Solutions Inc. (NYSE: UNVR) announced an agreement to acquire Zhuhai Techi Chem Silicone Industry Corporation to enhance distribution of specialty silicone solutions for the coatings, adhesives, sealants, and elastomers market in China. The acquisition is expected to close in mid-December 2020. This strategic move aims to leverage Techi Chem's strong industry relationships and Univar's global expertise to better serve customers and expand product offerings in the Chinese market.

Univar Solutions (NYSE: UNVR) announced that its subsidiary, ChemPoint, has expanded its partnership with DuPont for distributing cellulosic and poly (ethylene oxide) products in Mexico. This agreement enhances DuPont's market reach in the region, addressing the demand for specialty chemicals used in industrial applications.

The collaboration aims to improve customer experience through a dedicated technical marketing team and optimized supply chain services, streamlining product selection and delivery processes.

Univar Solutions Inc. has entered into a new agreement with Arylessence, Inc. for the exclusive distribution of environmentally compliant fragrances in the U.S. and Canada. This collaboration enhances Univar Solutions' portfolio in the homecare and industrial cleaning sectors, providing a comprehensive offering to customers. The fragrances are approved under the U.S. EPA Safer Choice program, which supports eco-friendly cleaning formulations. Both firms aim to leverage this partnership to improve brand differentiation and meet customer demand for innovative cleaning solutions.

Univar Solutions Inc. (NYSE: UNVR) announced that its subsidiary, ChemPoint.com, has been chosen by Chemours™ to distribute Viton™ fluoroelastomers in the U.S. and Canada. These materials enhance product durability and performance under extreme conditions, making them essential for various industries including automotive and aerospace. ChemPoint aims to leverage its digital marketing approach to expand the reach of Viton products. This partnership underscores Chemours' strategy to align with evolving business needs.

Univar Solutions (NYSE: UNVR) has been appointed by Evergrain Ingredients LLC to distribute its range of plant-based ingredients across the U.S., Canada, and various countries in EMEA. The agreement includes products like EverPro, a highly soluble protein isolate, and EverVita Pro and Fibra, which are suitable for baked goods. This partnership is expected to leverage Univar's extensive market access to introduce sustainable, nutritious ingredients to a broader customer base, meeting the growing demand for plant-based food solutions.

Univar Solutions (NYSE: UNVR) has entered into a distribution, blending, and production agreement with Fluid Energy Group for its Enviro-Syn Modified/Synthetic Acid product line. This partnership aims to enhance Univar's portfolio with sustainable and eco-friendly chemical solutions across Europe, including countries like Belgium, France, and the UK. Fluid's patented technologies provide safer alternatives to traditional acids, reducing environmental impact. The agreement aligns with both companies' commitments to sustainable innovations in various industries, including oil and gas, food and beverage, and water treatment.

Univar Solutions Inc. (NYSE: UNVR) reported its Q3 2020 financial results, featuring a net income of $28.9 million, up from $2.5 million year-over-year. Adjusted earnings per share decreased to $0.34 from $0.36. Total net sales dropped by 15.8% to $2.0 billion, driven by lower industrial demand and the Environmental Sciences divestiture. Adjusted EBITDA fell to $164.6 million. However, full-year Adjusted EBITDA is forecasted between $629 million and $634 million. Liquidity remains strong at $730.4 million, supported by ongoing cost reduction efforts and the Nexeo integration.