Univar Purchases Canadian Specialty Distributor
Amsterdam, The Netherlands - September 11, 2002 - Univar N.V. ("Univar") a leading international chemical distributor, announces that it has acquired the assets of Canadian specialty chemical distributor, Stochem Inc., of Toronto. Stochem reported sales for 2001 of USD$ 41 million.
The company is a specialty chemical market leader in Canada, serving key markets such as coatings, inks and adhesives, plastics and rubber, building products, lubricants, food and pharmaceutical.
Stochem will be incorporated into the Univar Canada Ltd. business organization, but will continue to operate as a separate business unit within the Canadian structure. According to Larry Bullock, President, Univar Canada Ltd., "The acquisition of Stochem represents a significant growth opportunity for our Canadian business, as we will be adding their product lines throughout our entire Canadian distribution network."
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