Univar Solutions Acquires Leading Distributor Sweetmix to Expand Food Ingredients and CASE Portfolio in Brazil
“Our acquisition of Sweetmix represents an exciting opportunity to accelerate our growth in the food ingredients distribution space by Brazil and enhance the value we deliver to global suppliers and local customers through a versatile range of ingredients, âsaid Nick powell, President, Ingredients and Specialties for Univar Solutions. âIn line with our strategy of expanding ingredients and specialties and creating shareholder value, we expect this transaction to build on existing successful relationships with suppliers and generate growth, cost synergies and improved margins â.
Jorge Buckup, President of Latin America for Univar Solutions, added, âIt is important to note that Sweetmix will give us increased scale and serve as an ideal platform for expansion into Latin America with our other recently announced partnerships, including Novozymes and AGT. Sweetmix is ââa recognized leader in the Brazil, and we look forward to partnering with their team to expand our portfolio in Latin America and create even more value for our stakeholders. “
Amaury Toledo, Co-Founder of Sweetmix, said: âWe are delighted to join the Univar Solutions team and expand the reach of our innovative solutions and ingredients for various markets. With Univar Solutions’ scale, digital infrastructure, world-class technical network, and strong supplier relationships, we will be well positioned to accelerate our mission and continue to provide our customers with high-quality, differentiated products supported. by a specialized technical service. “
Founded in 1994, Sweetmix Distribuidora is a pioneer in the introduction of sweeteners and other ingredients in Brazil. The history of the company has been guided by growth and innovation in solutions that meet the most diverse demands of the market. Sweetmix is ââorganized into four divisions – Food, Pharmaceuticals, Animal Health and Industrial Chemistry -. Learn more at sweetmix.com.br.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global distributor of specialty chemicals and ingredients representing a premier portfolio of leading global producers. With the largest private transport fleet and technical sales force in the industry, unparalleled logistics know-how, in-depth market and regulatory knowledge, formulation and recipe development and premier digital tools. plan, the company is well positioned to provide tailor-made solutions and value-added services to a wide range of markets, industries and applications. While fulfilling its goal of helping keep communities healthy, nourished, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Brighter Futures. Learn more at univarsolutions.com.
This press release includes certain statements relating to future events and our intentions, beliefs, expectations and predictions for the future, which are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act. Foreign Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the control of the Company. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the documents filed by the Company with the Securities and Exchange Commission. Potential factors that could affect these forward-looking statements include, but are not limited to: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; measures that can be taken by government authorities to deal with or mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, in particular due to the consolidation of competitors; significant changes in the prices, demand and availability of chemicals; our debt levels, the restrictions imposed by our debt obligations and our ability to obtain additional financing when needed; the wide range of laws and regulations to which we are subject, including numerous environmental, health and safety laws and regulations; an inability to integrate the businesses and systems of the companies we acquire, including Nexeo Solutions, Inc., or to realize the expected benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationships with third party suppliers; accidents, safety breaches, environmental damage, product quality and liability issues and recalls; major or systemic delivery faults involving our distribution network or the products we transport; operational risks for which we might not be sufficiently insured; pending litigation and other legal and regulatory risks; challenges associated with international operations; exposure to fluctuations in interest rates and currencies; potential impairment of goodwill; liabilities associated with acquisitions, businesses and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and other factors described in documents filed by the Company with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release does not constitute a guarantee of future events or results, and that actual events or results may differ materially from those contained or suggested by the forward-looking information contained in this press release. hurry. . In addition, forward-looking statements can generally be identified by the use of forward-looking terms such as “may”, “plan”, “seek,” will “,” expect “,” intend “,” estimate “,” anticipate “” “,” believe “or” continue “or its negative or its variations or similar terminology. Any forward-looking information presented here is made only as of the date of this press release, and the Company assumes no obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of events unforeseen or otherwise, except as required by law.
SOURCE Univar Solutions Inc.