Nexeo acquire Mexican specialty chemicals distributor

Nexeo to acquire Mexican speciality chemicals distributor UltraChem

11:28 AM, 10th March 2017
Nexeo logo

THE WOODLANDS, US: Nexeo Solutions Inc, a leader in chemicals and plastics distribution has entered into an agreement to acquire the Mexico-based speciality chemicals distribution business of Ultra Chem S de RL de CV (Ultra Chem). Facilitated through a proprietary deal process, this acquisition reflects Nexeo Solutions’ continued focus and commitment to expanding its presence in speciality chemicals.

Ultra Chem represents major global producers in Mexico and Latin America, with a leading position in speciality chemicals in the region. Ultra Chem’s sales team is composed of market focused technical experts who offer solutions for customers’ problems utilising a comprehensive and complementary product portfolio.

“Buying Ultra Chem is aligned with our strategic objectives and accomplishes two goals. It expands our overall speciality mix and extends our chemical reach into Mexico. Ultra Chem is a strong cultural fit with complementary end markets and current margins that are immediately accretive,” said David Bradley, president and CEO of Nexeo Solutions.

“This deal is an important step in Ultra Chem’s history and represents an undeniable acknowledgement of our people’s talent and of our company’s trajectory in the industry,” They continued. We are very enthusiastic about the growth opportunities that this deal will create for our business in Mexico and in Latin America,” added Ultra Chem’s board.

© Worldofchemicals News 



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