Univar Solutions LLC ("Univar Solutions" or "the Company") announced it has acquired UK-based Brad-Chem Holdings ("Brad-Chem") and its affiliated entities, which includes the acquisition of Brad-Kem, the joint venture co-owned by Brad-Chem and its partner, DEM, based in Belgium. Brad-Chem, a leader in corrosion control products and lubricant additives, will enhance Univar Solutions' existing Ingredients & Specialties business and help accelerate its ability to meet growing customer demand for the distribution and blending of specialty lubricant additives, specialty base stocks, and functional additives to various industries throughout the United Kingdom and Europe.
Univar Solutions Acquires Brad-Chem Holdings, a Leader in Corrosion Control Products and Lubricant Additives
Brad-Chem specializes in the distribution and blending of specialty lubricant additives, multi-metal corrosion inhibitors, copper passivators, solid lubricants, and dispersions for the lubricants, metal treatment, cleaning, deicing, and water treatment industries in over 40 countries across Europe.
"This acquisition progresses our ambitious goals to strengthen the support we provide customers across Europe, by offering a larger portfolio of specialty products and additive blending capabilities in the Lubricants and Metalworking Fluids, and Coatings, Adhesives, Sealants and Elastomers (CASE) markets," said Nick Powell, president of Global Ingredients & Specialties, Univar Solutions. "Combining Brad-Chem's products and partners with our expansive global distribution network and technical expertise will bring significant advantages to customers and suppliers."
"The acquisition is an exciting opportunity for our Performance Materials business to meet increasing customer demand for specialty base stocks and functional additives that can help our customers formulate high-performance products that reduce energy usage, extend service life, and improve corrosion management," said Matthew Oliver, global vice president of Performance Materials, Univar Solutions. "This agreement shows our continued commitment to expand our solutions reach into markets and applications that are performance-driven and embody key elements of the sustainability agenda."
"We are excited to be part of Univar Solutions' world-class organization," said Chris Brady, managing director, Brad-Chem. "The acquisition will help build upon our shared technical expertise, customer service strengths, and product portfolio. It's a great fit between companies that share excellent market reputations, operational and business excellence, and an uncompromising focus on innovation."
