Univar Solutions Agrees to Acquire Specialty Silicone Company

Univar Solutions Inc. (Downers Grove, Illinois, USA) recently announced that its wholly owned subsidiary, Univar Solutions China Co. Ltd. (Pudong, China), had reached an agreement with Zhuhai Techi Chem Silicone Industry Corporation (Techi Chem) (Zhuhai, China) to acquire the business to distribute silicone solutions. The agreement, which closed in mid-December, allows Univar Solutions to provide differential value to customers and suppliers within the coatings, adhesives, sealants, and elastomers market.

“Univar Solutions has the capability to consistently provide our suppliers and customers with added value services to assist in their pursuit of growth and we are very excited to add the depth and breadth of Techi Chem's leading specialty silicone solutions within the China marketplace,” says Nick Powell, president of specialty chemicals and ingredients and president EMEA & APAC for Univar Solutions. “Our customers throughout China will benefit from Techi Chem's strong relationship with the leading global silicone supplier as well as Univar Solutions' global silicone expertise and network of technical Solutions Centers that will provide comprehensive solutions for the Chinese market.”

Founded in 2001, Techi Chem provides value-add solutions and logistics footprint, as well as established industry relationships, that make it a trusted source in the region for silicone solutions and related technologies.

“Techi Chem's relationships and expertise will benefit our customers in China and throughout the region,” says Myron Li, general manager of Asia Pacific for Univar Solutions. “We look forward to expanding our products and industry solutions for the China market.  With this agreement, Univar Solutions is better positioned to serve South China and fulfill its vision to redefine distribution and be the most valued chemical and ingredient distributor on the planet.”

Source: Univar Solutions Inc. www.univarsolutions.com.