Univar Solutions LLC (Downers Grove, Illinois, USA) announced it has acquired Brad-Chem Holdings (Leigh, United Kingdom) and its affiliated entities. This includes the acquisition of Brad-Kem, a joint venture co-owned by Brad-Chem and its partner, DEM, based in Belgium.
Described as a leader in corrosion control products and lubricant additives, the Brad-Chem acquisition is designed to enhance Univar Solutions’ existing ingredients and specialties business while helping to accelerate its ability to meet growing customer demand for distributing and blending specialty lubricant additives, specialty base stocks, and functional additives to various industries throughout the United Kingdom and 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, as well as the coatings, adhesives, sealants, and elastomers markets,” says Nick Powell, president of Univar’s global ingredients and specialties business. "Combining Brad-Chem's products and partners with our expansive global distribution network and technical expertise will bring significant advantages to customers and suppliers."
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.
“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,” says Matthew Oliver, global vice president Univar’s performance materials business. "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,” adds Chris Brady, managing director for 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.”
Source: Univar Solutions, www.univarsolutions.com.