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Completion of Acquisition of Basic Chemical Solutions

Source: www.gulfoilandgas.com 12/20/2010, Location: North America

Univar Inc., a leading global chemical distributor, announced that it has completed the acquisition of Basic Chemical Solutions, L.L.C. (BCS), a global distributor and trader of commodity chemicals. Concurrent with the close of the acquisition, Mark Byrne, President and Chief Executive Officer of BCS, was appointed as Executive Vice President and Chief Operating Officer of Univar. Terms of the acquisition were not disclosed.

Univar and BCS bring together complementary strengths that will deliver enhanced value for customers, suppliers, and employees worldwide. Univar provides a broad product portfolio, a global distribution network, and industry expertise in a wide variety of end-markets. BCS focuses on some of the most broadly used chemicals in the world and provides a unique integrated distribution model, combining bulk and mini-bulk chemical distribution with a global procurement and trading platform.

"This has been a tremendous year for Univar, culminating with the acquisition of BCS," said John Zillmer, President and CEO of Univar. “Heading into 2011, Univar is very well positioned with our expanded global distribution network, enhanced global sourcing capabilities, and unique value-added services. I am very pleased that Mark Byrne has joined the executive team, as his experience and leadership will ensure a seamless transition for BCS and help us to deliver enhanced value for customers and suppliers worldwide."

"We are very excited about the opportunity to combine our two great businesses and the significant synergies that can be created,” said Mark Byrne, Executive Vice President and Chief Operating Officer of Univar. “We are committed to a seamless transition for all of our employees and business partners as we form a solid foundation for one company, building on the respective strengths of both Univar and BCS."

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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