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THE WHAT? Univar Options has introduced that it has signed an settlement to accumulate Turkish specialty chemical compounds distributor, Kale Kimya.
THE DETAILS Phrases of the transaction weren’t disclosed. The acquisition is anticipated to finish earlier than the tip of the quarter.
“This acquisition is a good match between two corporations that share market-leading reputations, professional technical assist, a spirit of innovation and relentless dedication to distinctive customer support,” stated Birgen Kaleağası Özemre, CEO, Kale Kimya. “It will assist the expansion of our folks and merchandise even additional, and I sit up for changing into a unified firm with Univar Options.”
THE WHY? Nick Powell, Univar President of World Elements & Specialties, explains, “This acquisition additional progresses our technique to develop our Elements and Specialties enterprise with a number one firm that builds on and provides to our strengths, geographic footprint and product portfolio. I’m delighted to quickly welcome Kale Kimya to the Univar Options household. Their expertise and data will assist our prospects within the area, as we proceed to capitalize on altering client traits within the market.”
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