Univar completes Eral Protek acquisition
Published April 5, 2011
Related Searches: Business Operation •
Univar Inc. has completed the acquisition of Turkish chemical distributor Eral-Protek. Istanbul-based Eral-Protek is one of the leading players in the region’s mid-size chemical distribution sector and has more than 25 years’ experience in the Turkish market, according to the company. The acquisition, together with the Istanbul and Izmir operations of Basic Chemical Solutions, L.L.C., whose global business was acquired by Univar in December, will give Univar a solid local presence in the region. Turkey is an important market Univar said. Its population of more than 77 million people and its strong economic growth present significant opportunities. It is also an important logistical and cultural bridge between Univar’s European activity and its growing Middle Eastern and African business.