The global provider of specialty ingredients and chemicals has acquired ChemSol Group, a distributor of ingredients and specialty chemicals operating in Costa Rica, Guatemala, El Salvador, Panama, and Honduras.
The acquisition of ChemSol will enhance Univar’s geographic footprint in the Central American region, as well as its formulation and commercial offering across a wide array of key growth markets, including beauty and personal care ingredients and pharmaceutical excipients.
“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,” said Nick Powell, president of Global Ingredients & Specialties for Univar Solutions.
“This acquisition represents a strong platform for commercial growth in Central America, as we anticipate and meet the evolving needs of customers,” added Jorge Buckup, president of Latin America for Univar Solutions.
Terms of the transaction were not disclosed.
Source: premium beauty news