• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Aerospace Coatings Market

    Energy Curing and Coil Coatings

    Lab/Testing Equipment Update

    High Performance and Special Effect Pigments

    The Wood Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Hempel Receives Its Best-Ever ESG Rating by EcoVadis

    New President & CEO Announced for the Canadian Coatings Association

    PPG Launches Clearcoats for Premium Collision Repair Segments

    Indorama Ventures Honored with Dual Awards from ACC

    Weekly Recap: PPG, Sun Chemical, Dutch Boy Paints Top This Week’s Stories
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Launches Clearcoats for Premium Collision Repair Segments

    PPG To Invest $380 Million in Aerospace Coatings Facility

    AkzoNobel Working with BASF to Lower Carbon Footprint of High-volume Paint Products

    BASF Coatings Expands Business with Biomass-balanced Products

    Aerospace Coatings Market
    Additives
    Binders
    Pigments
    Solvents

    BASF Becomes First Producer of Renewable Ammonia in Central Europe

    BASF's Intermediates Division Converts European Amines Portfolio to 100% Renewable Electricity

    High Performance and Special Effect Pigments

    Strategic Value Partners and Blantyre Capital Acquire OQ Chemical

    Clariant's Ceridust 1310 Addresses Carnauba Wax Supply Volatility
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Evonik Corporation

    Vibrantz Technologies

    Shepherd Color Company, The

    Gehring Montgomery Inc

    Patcham USA
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Saudi Arabia Coatings Show

    Eastern Coatings Show 2025

    RadTech 2025 UV+EB Technology Expo & Conference

    Canadian Coatings Conference

    Paintistanbul & Turkcoat Congress and Exhibition
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Evonik Corporation

    Vibrantz Technologies

    Shepherd Color Company, The

    Gehring Montgomery Inc

    Patcham USA
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Univar Solutions to be Acquired by Apollo Funds for $8.1B

    Investment group to take specialty chemicals distributor private in all-cash deal.

    Univar Solutions to be Acquired by Apollo Funds for $8.1B
    03.15.23
    Univar Solutions Inc. and Apollo Global Management announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire Univar in an all-cash transaction that values Univar at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

    The agreement provides that Univar Solutions shareholders will receive $36.15 per share in cash, which represents a 20.6% premium to its undisturbed closing stock price on November 22, 2022. The transaction consideration also represents a premium of 33.6% to the volume-weighted average price of Univar Solutions for the 30 trading days ending on Nov. 22, 2022.

    "We are pleased to have reached this agreement with Apollo, which will provide immediate and certain cash value for Univar Solutions shareholders," said Univar chairman Chris Pappas. "The board's decision follows a comprehensive review of value creation opportunities for Univar Solutions. We are confident this transaction is the right path forward and achieves our goal of maximizing value for Univar Solutions shareholders."

    "Over the last three years, we have transformed the company, putting the customer at the center of all we do, which has solidified our position as a leading value-added service and solution provider," Univar president and CEO David Jukes said, "This transaction reflects the success of our strategy and delivers substantial value to our shareholders. It is a testament to the tireless efforts of my colleagues, whose commitment to our purpose of helping keep our communities healthy, fed, clean, and safe has enabled our success. In Apollo, we are pleased to gain a partner to support continued investment in our portfolio and I look forward to working closely with their team as we grow Univar Solutions and serve our key suppliers and customers globally."

    Apollo Private Equity Partner Sam Feinstein said, "Univar is a global leader in specialty chemicals and ingredients distribution, fueling a vast array of industries with innovative, safe and sustainable solutions. In recent years, David and his team have made tremendous progress enhancing the customer experience, and we believe Univar can accelerate its long-term strategy as an Apollo Fund portfolio company. We look forward to leveraging our extensive experience in the sector to support management in this exciting next phase."

    Transaction Details

    The merger agreement, which has been unanimously approved by the Univar Solutions board of directors, provides that Univar Solutions shareholders will receive $36.15 in cash for each share of common stock they own.

    The transaction will be financed with equity provided by the Apollo Funds, a minority equity investment from a wholly owned subsidiary of ADIA and a committed debt financing package.

    The transaction is expected to close in the second half of 2023, subject to customary closing conditions, including approval by Univar Solutions shareholders and receipt of regulatory approvals. The transaction is not subject to a financing condition.

    Upon completion of the transaction, shares of Univar Solutions common stock will no longer trade on the New York Stock Exchange, and Univar Solutions will become a privately-held company. Univar Solutions will continue to operate under the Univar Solutions name and brand and maintain a global presence, according to the companies.

    The acquisition ends months of speculation regarding Univar Solutions. Last year, Brenntag, another specialty chemicals distributor, was reportedly interested in acquiring Univar.
      Loading, Please Wait..
      Breaking News
      • Hempel Receives Its Best-Ever ESG Rating by EcoVadis
      • New President & CEO Announced for the Canadian Coatings Association
      • Indorama Ventures Honored with Dual Awards from ACC
      • PPG Launches Clearcoats for Premium Collision Repair Segments
      • Weekly Recap: PPG, Sun Chemical, Dutch Boy Paints Top This Week’s Stories
      View Breaking News >
      CURRENT ISSUE

      April 2025

      • The Wood Coatings Market
      • The Importance of Utilizing Sustainability-Driven Innovation
      • Coating Resins Market
      • View More >

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe

      Latest Breaking News From Nutraceuticals World

      Gattefossé Opens New Facilities in Mumbai, India
      TSI Group Unveils myHMB + Vitamin D Logo
      Indena to Showcase Metabolic, Brain Health Solutions at In-Vitality 2024

      Latest Breaking News From Coatings World

      Hempel Receives Its Best-Ever ESG Rating by EcoVadis
      New President & CEO Announced for the Canadian Coatings Association
      PPG Launches Clearcoats for Premium Collision Repair Segments

      Latest Breaking News From Medical Product Outsourcing

      StimLabs's Umbilical Cord-Derived Wound Care Product Released in U.S.
      New Medical-Grade Bio-Based PVC Compounds Introduced
      Croívalve Reports 1st Tricuspid Coaptation Valve Implant in U.S. Feasibility Study

      Latest Breaking News From Contract Pharma

      Neurocrine Bioscience’s CRENESSITY Becomes Commercially Available in the U.S.
      Roche's Parkinson's Disease Drug Misses Primary Endpoint
      PTC Therapeutics Submits Vantiquinone NDA to FDA

      Latest Breaking News From Beauty Packaging

      Weekly Recap: Coty Sells SKKN, Henkel Recall, Awards, & More
      Rare Beauty to Host Pop-Up Event with Sephora UK
      Cloud Haircare Expands to Walmart Stores Nationwide

      Latest Breaking News From Happi

      Cosmetify Names Nikkie de Jager the World’s Most Powerful Beauty Influencer
      Big Lips in the Small Wonder
      L’Oréal’s Bioprinted Skin & Dove’s Deodorant Launch

      Latest Breaking News From Ink World

      Agfa Wins Triple Accolade for Jeti Tauro H3300 XUHS from EDP
      International Paper Announces Facility Alignment in Rio Grande Valley
      Smurfit Westrock Publishes Its First Sustainability Report

      Latest Breaking News From Label & Narrow Web

      Mexico's Flexopolis adds second Bobst flexo press
      Paramount Labels installs Rotatek Brava 450
      Esko teams with Bobst for smartGRAVURE System

      Latest Breaking News From Nonwovens Industry

      Cottonsie Launches Disposable Cotton Diaper
      Swiss Textile Machinery Association Announces New Leadership
      Honest Company Names New CFO

      Latest Breaking News From Orthopedic Design & Technology

      David Thordarson Takes Charge of American Orthopaedic Foot & Ankle Society
      UPM Biomedicals Launches FibGel Injectable Nanocellulose Hydrogel for Medical Devices
      ONWARD Medical Attracts €50 Million in Capital

      Latest Breaking News From Printed Electronics Now

      Universal Display Heads to SID Display Week 2025
      ams OSRAM Initiates Legal Proceedings to Protect LED Patent Rights
      Infineon Reports Results for Second Quarter of Its 2025 Fiscal Year

      Copyright © 2025 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login