Univar to acquire Chemcentral
Mar 13, 2007 11:40 AM
Chemcentral Corp, Bedford Park IL, is being acquired by Univar USA, Redmond WA, for approximately $600 million, according to the companies' news releases.
Chemcentral, with a fleet of 200 tractors, 100 tank trailers, and 175 dry vans, is a distributor of specialty and commodity chemicals. The company has distribution centers located throughout the United States, and selected sites in Mexico, Canada, South America, Australia, and the Caribbean, with joint ventures in China, Southeast Asia/South Pacific, India, and the Middle East.
Chemcentral sales are derived primarily from its North America operations, with over 90 percent of 2006 revenues attributable to its US business. Revenue in 2006 was approximately $1.4 billion, according to the information.
The transaction is expected to close in April 2007. Univar USA is a subsidiary of Univar NV, Rotterdam, the Netherlands.
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