Univar Solutions expands Europe – GuruFocus.com

A growing partnership with China’s largest polyvinylpyrrolidone (PVP) producer and supplier will expand access to ingredients that contribute to more sustainable cleaning solutions.

ROTTERDAM, The Netherlands, June 13, 2022 /PRNewswire/ — EuropeUnivar BV, a subsidiary of Univar Solutions Inc. (NYSE: UNVR) (“Univar Solutions” or “the Company”), one of the world’s leading distributors of basic and specialty chemicals and ingredients and supplier of value-added services, today announced the expansion of its distribution agreement with BOAI NKY Pharmaceuticals Ltd., a global leader in polyvinylpyrrolidone (PVP) and VP/VI chemistry to distribute polymer products in Europe. The partnership will advance future innovations and technologies in laundry detergents. The range of products covered by the agreement includes specialty polymers (dye transfer inhibitors) for liquid and powder detergent formulations, including Nokesho 55L30W, Nokesho 55 Powder and Nokesho 55 Granules.

Univar Solutions expands its European portfolio of household and industrial cleaning products

“We are thrilled to be the first channel partner to help bring this unique technology to laundry detergent manufacturers in Europe,” said Aaron Lee, Global Vice President of Homecare and Industrial Cleaning at Univar Solutions. “This agreement will provide customers and formulators with another key component of modern laundry detergents. We believe the future of the cleaning industry revolves around sustainable cleaning solutions, and using the right chemistry is essential. “

Univar Solutions has been selected as NKY’s first distribution partner for this product line in Central, Western and Southern Europe. The agreement includes Benelux, France, Swiss, UK, Ireland, Spain, Portugal, Italy and Germany. This expanded agreement will further enable Univar Solutions to provide its customers with greater access to specialty cleaning ingredients, as well as comprehensive technical innovation and supply support.

“As a global provider of this technology, we are excited to offer these specialty polymers to our customers through Europe thanks to the expanded agreement with Univar Solutions. Thanks to our global distribution network and our technical research centers, we are ready to help our customers in the development of formulations in the field of detergents. From pioneering polyvinylpyrrolidone (PVP) research, we have come a long way in product development, and this collaboration with Univar Solutions continues to drive innovation for the future,” said Ms. Ella QuCEO of BOAI NKY Pharmaceuticals, Ltd.

Univar Solutions customers across Europe will now have access to specialty polymers from BOAI NKY Pharmaceutical Ltd. which are used as dye transfer inhibitors in liquid and powder laundry detergents. These dye inhibitors help keep clothes in their original color without redeposition during the washing process. The agreement also expands Univar Solutions’ relationship with BOAI NKY Pharmaceutical Ltd., which today serves customers in the pharmaceutical ingredients market. Univar Solutions’ new flagship solution center in Essen, Germany, will also provide formulation and performance testing capabilities to support the commercialization of the polymer range. Chemistry and technology benefits include sustainable cleaning solutions, compaction, powder-to-liquid transition and value-added cleaning products.

Univar Solutions and its team of chemists, formulation experts and application specialists help keep communities healthy, clean and safe by helping to develop and deliver more sustainable cleaning products. As consumers increasingly demand longer-lasting product formulations with exceptional performance, our team of experts across a network of global solution centers are working to improve time to market, resolve issues and to deliver innovative ingredients through human ingenuity.

To learn more about Univar Solutions’ Homecare & Industrial Cleaning business, visit https://www.univarsolutions.com/industries/homecare-industrial-cleaning.

About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global distributor of specialty chemicals and ingredients representing a premier portfolio of the world’s leading producers. With the largest private transport fleet and technical sales force in the industry, unparalleled logistics know-how, in-depth market and regulatory knowledge, formulation and recipe development, and digital leading edge, the company is well positioned to provide tailored solutions and value-added services to a wide range of markets, industries and applications. While fulfilling its purpose to help keep communities healthy, nourished, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Growing Together. Learn more at univarsolutions.com.

About BOI NKY Pharmaceutical Ltd.
Boai NKY Pharmaceuticals Ltd (NKY, stock code: 300109) was the first domestic company to develop and manufacture polyvinylpyrrolidone (PVP) series products in China. With over 27 years of PVP production experience coupled with a dedicated commitment to quality improvement and management, NKY has become China’s largest PVP producer and the third largest in the world. http://eng.boai-nky.com/

Forward-looking statements
This press release contains certain statements relating to future events and our intentions, beliefs, expectations and predictions for the future that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange. Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which are beyond the Company’s control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission. Potential factors that could affect these forward-looking statements include, among others: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; measures that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and our customers’ demands; material changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including from consolidation of competitors; significant changes in the prices, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt securities and our ability to obtain additional financing if needed; the wide range of laws and regulations to which we are subject, including extensive environmental, health and safety laws and regulations; an inability to integrate the operations and systems of companies we acquire, including Nexeo Solutions, Inc., or realize the anticipated benefits of such acquisitions; potential business interruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationships with third-party suppliers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we offer; operational risks for which we may not be sufficiently insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, joint ventures and strategic investments; negative developments affecting our pension plans and multi-employer pension plans; labor disruptions associated with the unionized portion of our workforce; and other factors described in the Company’s filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those expressed or implied by the forward-looking information contained in this press release. hurry. . In addition, forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “plans”, “seeks”, “will”, “expects”, “intends”, ” believes”, “anticipates”, “believes” or “continues” or their negative form or variations thereof or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unforeseen events or otherwise, except as required by law.

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SOURCEUnivar Solutions Inc.

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