Illinois – Chemical distributor Univar Solutions’ acquisition by private equity firm Apollo Funds has completed. The acquisition, first announced back in March, valued Univar at $8.1bn. It includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority.
“The completion of this transaction begins the next chapter for Univar Solutions as we further enhance our position as a leading global chemical and ingredients solutions provider with enhanced flexibility to explore growth opportunities for the benefit of customers, suppliers, employees, and industry alike,” said David Jukes, Univar Solutions’ president and CEO.
Univar’s portfolio includes numerous ingredients and additives used in polyurethane.
“We have strong conviction in Univar's potential, and look forward to embarking on a number of exciting initiatives to help accelerate the company’s growth,” said Apollo private equity partner Sam Feinstein.