Latin America. Univar Solutions, a provider of global solutions for specialty chemicals and ingredient users, has acquired ChemSol Group, a distributor of specialty chemicals and ingredients operating in Costa Rica, Guatemala, El Salvador, Panama and Honduras.
According to the supplier company, the acquisition of ChemSol will enhance the company's geographic presence in the growing Central American region, as well as its formulation and commercial offering in a wide range of key growth markets.
These markets include beauty and personal care, pharmaceutical excipients, food, coatings, adhesives, sealants and elastomers, lubricants and metalworking fluids.
"The ChemSol business strengthens both our ingredient and specialty portfolio and geographic reach, further enhancing Univar Solutions' position as a strategic partner of choice for our suppliers and customers," said Univar Solutions President of Global Ingredients & Specialties Nick Powell.
"We are thrilled to help Central American clients solve some of their toughest challenges and stay ahead of industry-specific trends and regulatory changes by leveraging our continuous innovation, sustainable solutions, and global network of formulation and technical expertise, and commercial support," added Powell.
Jorge Buckup, President of Latin America, Univar Solutions, said: "This acquisition represents a solid platform for business growth in Central America as we anticipate and meet changing customer needs. Our two companies share a focus on value-added services, continuous improvement and environmental responsibility."
"I am excited to welcome ChemSol to our family and am confident that our teams will work together to ensure a seamless transition for employees, customers and suppliers," added Buckup.
Ciro Guerra, founder and CEO of ChemSol Group, said: "We are excited to join Univar Solutions and provide our customers and suppliers with access to more products, capabilities and digital innovation that will help their businesses grow."
"Univar Solutions shares many of the values that are central to ChemSol's culture and strategy, including a commitment to collaboration, innovation and a deep respect for teamwork, making it a perfect fit for our business partners and the perfect place for our team to continue. developing their skills and careers," Guerra said.
