Univar Solutions Inc Stock Price, News & Analysis

Univar Solutions (NYSE: UNVR) has announced an expanded exclusive distribution agreement with ANGUS Chemical Company, enhancing its beauty and personal care offerings in the U.S. and Canada. The partnership focuses on delivering sustainable botanical ingredients, including over 40 natural extracts from ANGUS, aimed at meeting market demands for high-quality personal care products. This agreement will leverage Univar's logistics and expertise, enabling the supply of sought-after ingredients like rosemary leaf and vanilla bean, essential for the formulation of hair and skincare products. The collaboration aims to fulfill consumer preferences for sustainability while providing reliable services to brand owners.

Univar Solutions (NYSE: UNVR) has announced a significant partnership to distribute Ancor's NOB166® anti-microbial boosters for detergent products, enhancing its portfolio aimed at sustainable cleaning solutions in Europe and North America. These additives are designed for healthcare and industrial laundry applications, preventing the buildup of microorganisms and enhancing product longevity. Incorporating NOB166® aids in energy savings by enabling effective cold water washing and reduces the necessity for daily fabric washing. This move aligns with the growing consumer demand for eco-friendly products, reinforcing Univar's commitment to sustainability.

Univar Solutions Inc. (NYSE: UNVR) has been named the exclusive distributor of Patcham USA's PATcat™ metal catalysts in the United States. This partnership will enable Univar to enhance its polyurethane systems product line, providing improved properties for polyurethane-based applications. The PATcat catalysts, available in both tin and tin-free options, accelerate chemical reactions to enhance curing properties. With this development, Univar aims to deliver extensive technical support and a diverse product portfolio to meet customer needs in the polyurethane sector. Patcham USA's CEO emphasized the collaboration's potential to address market demands for environmentally friendly catalysts.

Univar Solutions Inc. (NYSE: UNVR) has entered into a definitive merger agreement with Apollo (NYSE: APO) for an all-cash acquisition valued at approximately $8.1 billion. Shareholders will receive $36.15 per share, representing a 20.6% premium over its undisturbed closing stock price on November 22, 2022. The transaction is expected to close in the second half of 2023, pending regulatory approvals and shareholder consent. The merger will not be financially conditioned, marking a significant step for Univar as it transitions to a privately-held entity while continuing its operations globally.

Univar Solutions (NYSE: UNVR) has formed a distribution partnership with Leprino Foods to supply nutritional ingredients and dairy products such as lactose, whey protein concentrate, and micellar casein in the U.S. and Canada. This collaboration aims to meet the rising demand for health-focused food products, enhancing Univar's ingredient offerings for various applications, including nutraceuticals and sports nutrition. The agreement highlights Univar's commitment to innovative solutions and customer support, as emphasized by their VP of food ingredients, Kevin Hack. The expanded access to Leprino's dairy products positions Univar favorably within the evolving food and nutrition marketplace.

Univar Solutions Inc. (NYSE: UNVR) announced its 2022 fourth quarter financial results, revealing a net income of $71.6 million, down from $156.8 million year-over-year. Earnings per diluted share also decreased to $0.44 from $0.91. For the full year, Univar achieved a record net income of $545.3 million, up from $460.6 million in 2021. The company reported an adjusted EBITDA of $1,045.9 million, a 31.1% increase compared to the previous year. Looking forward, Univar expects full-year 2023 adjusted EBITDA between $900 million and $930 million. The firm executed over $600 million in share repurchases in 2022, reflecting a strong commitment to shareholder returns.

Univar Solutions Inc. (NYSE: UNVR) has strengthened its market position by becoming the exclusive distributor of Automate™ oil-based dyes and an authorized distributor of water-based dyes for lubricants and metalworking fluids in the United States and Canada. This agreement enhances Univar's specialty ingredients portfolio, catering to diverse applications in the lubricant industry. Federico Montaner, the global vice president for Lubricants & Metalworking Fluids, emphasized the importance of this partnership with Milliken & Company, aimed at addressing market demands and improving supply chain reliability.

Univar Solutions announced a distribution agreement with SI Group on February 14, 2023, aimed at enhancing the Ibuprofen product market in Brazil. This partnership will enable Brazilian pharmaceutical manufacturers access to a robust portfolio of specialty ingredients, addressing the increased demand for over-the-counter analgesics. Univar Solutions' state-of-the-art Solution Center in São Paulo will support customers in formulating advanced pharmaceutical solutions. The collaboration emphasizes innovative technologies to improve time to market and sustainability, positioning Univar Solutions as a key player in the pharmaceutical ingredients sector.