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Univar Announces Acquisition Agreement with Zhuhai Taiken

 Last Update: 2022-08-25
 Source: Internet
 Author: User

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Univar Solutions Inc.
(NYSE: UNVR) ("Univar Solutions" or the "Company"), a global chemical and raw material distributor and value-added service provider, announced on December 2 that its wholly-owned subsidiary Univar Solutions (China) Co.
, Ltd.
Zhuhai Taiken Silicon Chemical Industry Co.
, Ltd.
("Taiken") entered into an acquisition agreement to distribute innovative specialty silicone solutions primarily for the coatings, adhesives, sealants and elastomers (CASE) markets

This agreement is consistent with the company's global strategy to focus on end-market verticals, providing new growth opportunities by further positioning Univar Solutions to deliver differentiated value to customers and suppliers in the CASE market

"Univar Solutions is able to consistently provide value-added services to suppliers and customers to assist them in their growth; we are delighted to help Taycan increase the depth and breadth of its leading specialty silicone solutions in the Chinese market," said Univar Solutions.
Nick Powell, President of Specialty Chemicals and Materials and President of Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC)

Taiken was established in 2001 and is known for its value-added solutions and logistics facilities that are well suited to the Chinese market

"Taiken's relationships and expertise will benefit our customers in China and across the region," said Myron Li, General Manager, Asia Pacific, Univar Solutions

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