Univar Solutions to acquire specialty chemicals distributor Kale Kimya
Univar Solutions, an American solutions provider to users of specialty ingredients and chemicals, has agreed to acquire Kale Kimya, a Turkish specialty chemicals distributor.
The financial terms of the deal were not disclosed.
Founded in 1975, Kale Kimya offers formulation laboratory capabilities and technical know-how along with a product portfolio of beauty and personal care products, and industrial and home cleaning products which include surfactants, emulsifiers, actives, UV filters, preservatives, polymers, fragrances, esters, conditioners, and emollients.
Nick Powell — Univar Solutions Global Ingredients and Specialties president said: “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.
“I am delighted to soon welcome Kale Kimya to the Univar Solutions family. Their experience and knowledge will support our customers in the region, as we continue to capitalize on changing consumer trends in the marketplace.”
The deal, which is conditional on some regulatory approvals, is likely to close during Q1 2023.
Birgen Kaleağası Özemre — Kale Kimya CEO said: “This acquisition is a great fit between two companies that share market-leading reputations, expert technical support, a spirit of innovation and relentless dedication to exceptional customer service. This will support the growth of our people and products even further, and I look forward to becoming a unified company with Univar Solutions.”