Univar Takes Turkey’s Kale Kimya

25.01.2023 - Univar has entered into an agreement to buy Kale Kimya, a leading Turkish specialty chemicals distributor. Financial terms of the deal, which is expected to close during the first quarter of 2023, were not disclosed.

Headquartered in Istanbul, Kale Kimya is well known in the beauty and personal care and home and industrial cleaning markets, offering a portfolio that includes surfactants, actives, emulsifiers, preservatives, UV filters, fragrances, polymers, conditioners, esters and emollients.

The company, which represents more than 20 multinational suppliers, also has application laboratories and local warehouses across Turkey.

"This acquisition further progresses our strategy to grow our ingredients and specialties business with a leading company that builds on and adds to our strengths, geographic footprint and product portfolio," said Nick Powell, president of Univar global ingredients & specialties. “Their experience and knowledge will support our customers in the region, as we continue to capitalize on changing consumer trends in the marketplace."

Univar confirmed earlier this month that Brenntag had called off discussions about a potential merger, adding that it was “committed to acting in the best interest of its stockholders and will continue discussions relating to other indications of interest that have been received with respect to a potential transaction.”

Following the end of the talks, a report by news agency Bloomberg suggested that private equity firms including Apollo Global and Platinum Equity might be interested in buying Univar and were evaluating offers.

Deal with Dow for acrylic emulsion polymers in UK and Ireland

Separately, European arm Univar Solutions has sealed a deal with Dow to distribute the US chemical producer’s acrylic emulsion polymer products in the UK and Ireland. These are used by the construction industry to improve the properties of cementitious and non-cementitious applications.

Univar said the new distribution relationship expands its specialty portfolio for regional manufacturers of ceramic tile adhesives, elastomeric roof coatings and External Thermal Insulation Composite Systems (ETICS), along with fillers, nonwoven products and architectural coatings.

Author: Elaine Burridge, Freelance Journalist