The Canadian subsidiary of Univar Inc (NYSE: UNVR) has acquired the assets of Nexus Ag Business Inc, a Saskatoon-based wholesale fertilizer distributor in Western Canada. No financial terms were released. Univar said the deal expands its agriculture product offering with micro-nutrients and specialty fertilizers. It also enlarges the company’s agricultural distribution network in Canada to 16 facilities in four provinces. Based in Downers Grove, Illinois, Univar is a portfolio company of U.S. private equity firm Clayton, Dubilier & Rice, European firm CVC Capital Partners, and other investors.
Univar Acquires Nexus Ag
Expands agriculture product offering with micronutrients and specialty fertilizers
DOWNERS GROVE, Ill. and SASKATOON, Saskatchewan, March 22, 2016 /CNW/ — Univar Inc. (NYSE: UNVR) (“Univar”) announced today that its wholly owned subsidiary, Univar Canada Ltd. (“Univar Canada”), has acquired the assets of Nexus Ag Business Inc. (“Nexus Ag”).
Founded in 1997, Nexus Ag is a wholesale fertilizer distributor to the Western Canada agriculture market and offers a broad range of products, including micronutrients, specialty fertilizers, potash, phosphates, and liquid and soluble nutrients from leading North American producers. The company operates from six regional warehouse locations and is based in Saskatoon, Saskatchewan.
“As a recognized leader in the fertilizer business in Western Canada, the addition of Nexus Ag to the Univar family enhances our existing macronutrient and crop protection inputs by adding a proprietary line of micronutrients, macronutrients, and specialty fertilizers,” said Mike Hildebrand, President, Univar Canada, Agriculture and Environmental Sciences. “This, together with our leading distribution and services network in the region, further strengthens Univar Agriculture’s ability to provide customers in Canada with a complete product and service offering that covers the entire growing cycle from start to finish.”
In October 2015, Univar acquired Future Transfer and BlueStar Distribution expanding its capabilities within the Canadian agriculture market with logistics, warehousing, packaging, and formulation services. With the addition of Nexus Ag, Univar Agriculture’s distribution network now includes 16 facilities in four provinces with more than 1.2 million square feet of Agrichemical Warehousing Standards Association (AWSA) warehouse space, the most in Canada.
About Univar Agriculture
Univar Agriculture provides crop protection, seed, and nutrient products and services to the cereal, oilseed, specialty crop, and horticultural markets, as well as related specific seed varieties. Univar Agriculture provides segments of the crop protection industry with storage and logistics services through its Fort Storage and Future Transfer businesses. Products for vegetation management in forestry, industrial sites, and rights-of-way are provided by Univar Environmental Sciences.
About Univar Inc.
Founded in 1924, Univar is a global distributor of specialty and basic chemicals from more than 8,000 producers worldwide. Univar operates more than 800 distribution facilities throughout North America, Western Europe, the Asia-Pacific region, and Latin America, supported by a global network of sales and technical professionals. With a broad portfolio of products and value-added services, and deep technical and market expertise, Univar delivers the tailored solutions customers need through one of the most extensive chemical distribution networks in the world. Univar is Chemistry DeliveredSM.
This press release includes “forward-looking statements,” including with respect to the proposed initial public offering, within the meaning of Section 27A of the Securities Act 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 may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “comfortable with,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
For further information: Media Relations, Scott C. Johnson, +1 331-777-6187, email@example.com, http://univares.com
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