Additional supply of aroma ingredients
available for customers in the United
States and Canada
DOWNERS
GROVE, Ill., June 29,
2023 /PRNewswire/ -- Univar Solutions Inc. (NYSE:
UNVR) ("Univar Solutions" or "the Company"), a leading global
solutions provider to users of specialty ingredients and chemicals,
announced today that the Company has become an authorized
distributor for Camlin Fine Sciences Ltd.'s (CFS) aroma ingredients
in the United States and
Canada.
"We are thrilled to expand our partnership
with CFS into the aroma ingredients space in the United States and Canada."
"We are thrilled to expand our partnership with CFS into
the aroma ingredients space in the United
States and Canada," said
Kevin Hack, global vice president of
global food ingredients for Univar Solutions. "Our new
agreement will allow Univar Solutions to bring CFS' products
to market in a region that has been historically short on supply.
We are excited to now offer the adorr™ vanillin range to
our mutual customers."
From specialty ingredient innovation to recipe testing, food
brands of all sizes turn to Foodology by Univar Solutions for help
with tackling product development challenges. The organization's
knowledgeable in-house scientists refresh and develop formulas to
enhance the efficacy of products through its food Solution Centers
and test kitchens while working toward the Company's purpose of
helping to keep people healthy, fed, clean, and safe.
CFS is a leading producer of the vanillin range, a widely used
flavoring in various markets such as chocolate, bakery, beverages,
pharmaceuticals, nutrition, and flavor and fragrances to name a
few. The adorr™ vanillin range also offers a rich sensory
profile, making it suitable for a wide range of applications,
extending it to incense and animal nutrition and making it even
more versatile for various applications. Aroma ingredients such as
vanillin play a pivotal role in imparting flavor profiles, enabling
businesses to create delightful sensory experiences for their
consumers.
"Our collaboration with Univar Solutions will enable us to
expand our reach and better serve customers in the North America region. CFS has built a strong
reputation over the past three decades, known for its market
knowledge, expertise, exceptional customer service, and
high-quality products," said Eric
Santos, vice president of aroma ingredients for CFS. "One of
the key aspects that sets us apart is our shared commitment with
Univar Solutions to ensure a secure supply chain and
speed-to-market sustainable solutions. CFS' fully integrated
facility, supported by efficient technology and locally sourced raw
materials, ensures the production of vanillin with complete
traceability and stability, offering a steady supply for
customers."
For more information about Univar Solutions' food ingredients
business, visit univarsolutions.com/foodology.
About Univar Solutions
Univar Solutions (NYSE:
UNVR) is a leading global specialty chemical and ingredient
distributor representing a premier portfolio from the world's
leading producers. With the industry's largest private
transportation fleet and technical sales force, unparalleled
logistics know-how, deep market and regulatory knowledge,
formulation and recipe development, and leading digital tools, the
Company is well-positioned to offer tailored solutions and
value-added services to a wide range of markets, industries, and
applications. While fulfilling its purpose to help keep communities
healthy, fed, clean, and safe, Univar Solutions is committed to
helping customers and suppliers innovate and focus on Growing
Together. Learn more at www.univarsolutions.com.
Camlin Fine Sciences, Ltd.
With over 30 years of experience, Camlin Fine Sciences Limited
(CFS) has engaged in research, development, manufacturing, and
marketing of specialty chemicals and blends, which are widely used
in everyday life across foods, animal, pet food, flavors,
fragrances, pharmaceuticals, agrochemicals, petrochemicals, dyes,
pigments, and polymers. With sales offices and manufacturing plants
in India, Italy, Mexico, the Andean States, the United States, China, Malaysia, Chile, Argentina, and Brazil, we have established a robust network
that spans multiple continents, allowing the company to serve our
customers wherever they are. The global company has five customer
service and application labs across four continents and three
accredited research and development centers, formulation, and
custom blending facilities worldwide. CFS has more than 1,250
customers and products available in over 160 countries. In its
commitment to promote ESG, CFS will power its manufacturing plants
with green energy by 2030. The company is also driven by its
passion to provide better food for mankind and is dedicated to
creating products that can address the challenges of food safety,
sustainability, and health in a holistic manner. Learn more at
camlinfs.com.
Forward-Looking Statements
This press release
includes certain statements relating to future events and our
intentions, beliefs, expectations, and outlook for the future,
which are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended, including, without
limitation, statements regarding, the Company's market
opportunities, strategic plan, business objectives, and other
initiatives, as well as statements regarding the expected timing of
the completion of the proposed acquisition of Univar Solutions
referred to in this press release and the ability of the parties to
consummate the proposed transaction. Forward-looking statements are
subject to known and unknown risks and uncertainties, many of which
may be beyond the Company's control. These forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from the expectations and
assumptions. Potential factors that could affect such
forward-looking statements include, among others: that a condition
to the closing of the proposed transaction may not be satisfied;
the occurrence of any event that can give rise to termination of
the proposed transaction; the failure to obtain certain required
regulatory approvals or the failure to satisfy any of the other
closing conditions to the completion of the proposed transaction
within the expected timeframes or at all; management's time and
attention being diverted to issues related to the proposed
transaction; the Company's ability to meet expectations regarding
the timing and completion of the proposed transaction; disruption
from the proposed transaction making it more difficult to maintain
business, contractual and operational relationships; the
institution of legal proceedings against the Company or the other
parties to the proposed transaction and their affiliates related to
the proposed transaction; the Company becoming unable to retain or
hire key personnel due to the proposed transaction; the
announcement of the proposed transaction having a negative effect
on the market price of the Company's common stock or operating
results; certain restrictions during the pendency of the proposed
transaction that may impact the Company's ability to pursue certain
business opportunities or strategic transactions; the Company's
ability to meet expectations regarding the accounting and tax
treatments of the proposed transaction; economic conditions,
particularly fluctuations in industrial production and consumption
and the timing and extent of economic downturns; significant
changes in the business strategies of producers or in the
operations of our customers; delivery failures or hazards and risks
related to our operations and the hazardous materials we handle;
potential inability to obtain adequate insurance coverage;
increased competitive pressures, including as a result of
competitor consolidation; potential supply chain disruptions;
significant changes in the pricing, demand and availability of
chemicals; potential cybersecurity incidents, including security
breaches; our indebtedness, the restrictions imposed by, and costs
associated with, our debt instruments, and our ability to obtain
additional financing; the broad spectrum of laws and regulations
that we are subject to, including extensive environmental, health
and safety laws and regulations and changes in tax laws; an
inability to generate sufficient working capital; transportation
related challenges, including increases in transportation and fuel
costs, changes in our relationship with third party transportation
providers, and ability to attract and retain qualified drivers;
accidents, safety failures, environmental damage, and product
quality issues; ongoing litigation, potential product liability
claims and recalls, and other environmental, legal and regulatory
risks; challenges associated with international operations;
exposure to interest rate and currency fluctuations; an inability
to integrate the business and systems of companies we acquire,
including failure to realize the anticipated benefits of such
acquisitions; possible impairment of goodwill and intangible
assets; our ability to attract or retain a qualified and diverse
workforce; negative developments affecting our pension plans and
multi-employer pensions; labor disruptions associated with the
unionized portion of our workforce; our ability to execute on our
initiatives and goals related to environmental, social, and
governance ("ESG") matters and the increasing legal and regulatory
focus on ESG; the impacts resulting from the conflict in
Ukraine or related geopolitical
tensions; the ability of the Company to successfully recover from a
disaster or other business continuity problem due to a hurricane,
flood, earthquake, terrorist attack, war, conflict, pandemic,
security breach, cyber- attack, power loss, telecommunications
failure, or other natural or man-made event, including the ability
to function remotely during long-term disruptions such as the
COVID-19 pandemic; the impact of public health crises, such as
pandemics (including the COVID-19 pandemic) and epidemics and any
related Company or governmental policies and actions to protect the
health and safety of individuals or governmental policies or
actions to maintain the functioning of national or global economies
and markets, including any quarantine, "shelter in place," "stay at
home," workforce reduction, social distancing, shut down, or
similar actions and policies; actions by third parties, including
government agencies; and the other factors described in the
Company's filings with the SEC. For additional information
concerning factors that could cause actual results and events to
differ materially from those projected herein, please refer to the
Company's Annual Report on Form 10-K for the year ended
December 31, 2022, as well as other
documents filed by the Company with the SEC, including subsequent
Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. In
addition, the Company discusses certain of these risks in greater
detail, and other risks associated with the proposed transaction,
in the definitive proxy statement filed with the SEC on
May 2, 2023. We caution you that the
forward-looking information presented in this press release is not
a guarantee of future events or results, and that actual events or
results 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, "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 the Company does not undertake any obligation to update or
revise any forward-looking information to reflect changes in
assumptions, the occurrence of unanticipated events, or otherwise,
except as required by law.
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SOURCE Univar Solutions Inc.
