Univar Purchases Spanish Chemical Distributor

10-Apr-2006

Univar N.V. announced that its Univar Europe business unit has acquired 100% of the stock of JSM chemicals S.A., based near Valencia, Spain. The acquisition was completed on April 6, 2006. For the calendar year 2005, JSM recorded net sales of approximately EUR 13 million.

JSM is a regional solvent and inorganic chemicals distributor, enjoying a strong market share in the Levante area of Spain. It owns a modern, purpose-built facility in Chiva, 30 kilometers from Valencia, making it well positioned to service the industrial base in this rapidly growing economy. JSM was founded in 1991 by two partners, with another three partners added subsequently. Three will remain active directly in the business while two others will continue to operate as sales agents for Univar.

The current management of JSM have signed contracts with Univar to assure an uninterrupted transition, and look forward to continuing to drive the growth they have enjoyed since founding the company.

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