Univar Buys Chemical Associates

(RTTNews) - Univar Inc (UNVR), a distributor of basic and specialty chemicals, on Thursday said its subsidiary, Univar USA Inc, has acquired the assets of Chemical Associates Inc. The financial terms of the deal were not disclosed. Founded in 1981, Chemical Associates is a manufacturer and distributor of oleochemicals, including tall oil fatty acids, oleic acids and stearic acids, among others.

"The acquisition of Chemical Associates will help increase the value Univar can bring in a number of our key markets such as personal care, food, cleaning and sanitization, lubricants, and coatings and adhesives," said Univar Chief Executive Officer Erik Fyrwald.

The company said the acquired business will be combined with Univar USA's operations.