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Mergers & Acquisitions

Univar to buy chemical distribution rival Nexeo

by Alexander H. Tullo
September 21, 2018 | A version of this story appeared in Volume 96, Issue 38
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In a big merger of chemical distributors, Univar is buying Nexeo Solutions for cash and stock valued at $2.0 billion. During the trailing 12 months, Univar made $635 million pretax on $8.5 billion in sales. Nexeo’s pretax earnings were $208 million on $4.0 billion in sales. About half of Nexeo’s sales come from plastics distribution, a business that Univar will consider divesting. Univar management hopes that the purchase will yield $100 million in annual operating cost savings and $15 million in annual capital expenditure savings.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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