Univar Solutions To Expand Product Portfolios For Beauty, Personal Care, Home And Industrial Cleaning With Lamp039 Acquisition Of Leading Turkish Distributor Kale Kimya

United States, January, DOWNERS GROVE, Illinois. 23.2023 /PRNewswire/ -- Univar Solutions Inc (NYSE: UNVR) ("Univar Solutions" or "the Company"), a major international supplier of consumer solutions for specialty chemicals and ingredients, announced today that it has entered into a contract to acquire prominent Turkish specialty chemicals distributor Kale Kimya.

Since its founding in 1975, Kale Kimya has provided the best formulation laboratory capabilities, best technical expertise, and a wide range of products for cosmetics, personal care, household cleaning, and industrial cleaning. These products include surfactants, active ingredients, emulsifiers, UV filters, preservatives, fragrances, polymers, conditioning balms, esters, and emollients. According to Nick Powell, president of Global Ingredients and Specialties, "This acquisition further advances our ingredients and specialties industry growth strategy with a leading company that builds on our strengths, geographic presence, and product portfolio.".

I'm excited to officially welcome Kale Kimya to the Univar Solutions family in the near future. As we continue to capitalize on the shifting consumer trends in the market, their experience and knowledge will support our customers in the region.

CEO of Kale Kimya Birgen Kaleaas Zemre stated, "This acquisition is a great combination between two companies that share a market-leading reputation, knowledgeable technical support, a spirit of innovation, and a relentless commitment to exceptional customer service. I'm looking forward to unifying our business with Univar Solutions because it will further support the development of our workforce and our offerings.

The transaction's terms were kept under wraps. The acquisition's closing, which is anticipated to occur in Q1 2023, is contingent upon a number of regulatory approvals.

About Kale Kimya Kale Kimya, which has its corporate headquarters in Istanbul, Turkey, is a significant regional distributor of specialty chemicals and a well-known pioneer in the industrial, personal care, household cleaning, and beauty markets. Due to its exclusive representation of more than 20 renowned manufacturers worldwide, Kale Kimya is able to provide its clients with a broad range of logistical options through regional warehouses in Turkey and the surrounding countries, as well as extensive technical support with fully stocked application laboratories.

In Turkey and more than 30 other exporting nations, Kale Kimya plays a significant role in the supply of the chemical industry. Visit https://www. for more information.

kalekimya . com Information about Univar Solutions Univar Solutions (NYSE: UNVR) is a leading global distributor of raw materials and specialty chemicals and ingredients, representing a world-class portfolio of the top manufacturers worldwide. With the largest private transport fleet and technical sales force in the sector, unmatched logistics expertise, in-depth market and regulatory knowledge, recipe formulation and development, and cutting-edge digital tools, the company is well positioned to meet its customers' needs. Univar Solutions is dedicated to assisting customers and suppliers in innovating and concentrating on growing together in order to further its purpose of assisting in maintaining communities that are healthy, fed, clean, and safe.

Visit univarsolutions.com for additional information. Statements Regarding Future Events and Our Intentions, Beliefs, Expectations, and Prognostications About the Future This press release contains certain statements that, in accordance with Sections 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as well as Later Amendments, are "Forward-Looking Statements" with respect to Future Events and Our Intentions, Beliefs, Expectations, and Prognostications About the Future.

The Company may not be able to control many of the risks and uncertainties that could affect forward-looking statements, which can be subject to both known and unknown risks. The actual results could materially differ from the expectations and assumptions made in the forward-looking statements because of various risks and uncertainties.

In the company's filings with the Securities and Exchange Commission, these factors and uncertainties are covered in great detail. The final geographic extent of the COVID-19 pandemic, its duration and severity, any government-initiated measures to address or otherwise lessen the effects of the pandemic, the potential negative effects of the COVID-19 pandemic on the world economy and on our customers and suppliers, and the overall effects of the pandemic are all possible factors that could have an impact on such forward-looking statements.

, or to realize anticipated benefits from such acquisitions; potential business interruptions and security breaches, including cybersecurity incidents; inability to generate enough working capital; increases in transportation and fuel costs; changes to our relationships with third-party suppliers; mishaps, safety flaws, environmental damage, quality issues, product liability, and recalls; serious or persistent delivery failures involving our distribution network. You are hereby cautioned that the forward-looking information set forth in this press release is not a guarantee of any future events or results and that actual events or results could differ materially from those projected in or implied by the forward-looking information set forth in or implied by this press release.

Furthermore, you can usually spot forward-looking statements by the use of words like "may," "plan," "seek," "will," "expect," "intend," "estimate," "anticipate," "believe," or "continue," as well as words that imply the opposite or other variations on those words. The Company disclaims any obligation to update or revise any forward-looking information to reflect changes in expectations, the occurrence of unanticipated events, or other changes in circumstances, except as required by law. All forward-looking information contained in this press release was made only as of the date of this press release.

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The final geographic extent of the COVID-19 pandemic, its duration and severity, any government-initiated measures to address or otherwise lessen the effects of the pandemic, the potential negative effects of the COVID-19 pandemic on the world economy and on our customers and suppliers, and the overall effects of the pandemic are all possible factors that could have an impact on such forward-looking statements.