Univar Completes Acquisition of Basic Chemical Solutions
December 20/Redmond, Wash./Univar Press Release -- Univar Inc. has completed the acquisition of Basic Chemical Solutions LLC (BCS), a global distributor and trader of commodity chemicals. Concurrent with the close of the acquisition, Mark Byrne, president and chief executive officer of BCS, was appointed as executive vice president and chief operating officer of Univar. Terms of the acquisition were not disclosed.
"This has been a tremendous year for Univar, culminating with the acquisition of BCS,” said John Zillmer, President and CEO of Univar. “Heading into 2011, Univar is very well positioned with our expanded global distribution network, enhanced global sourcing capabilities, and unique value-added services. I am very pleased that Mark Byrne has joined the executive team, as his experience and leadership will ensure a seamless transition for BCS and help us to deliver enhanced value for customers and suppliers worldwide.”
“We are very excited about the opportunity to combine our two great businesses and the significant synergies that can be created,” said Mark Byrne, Executive Vice President and Chief Operating Officer of Univar. “We are committed to a seamless transition for all of our employees and business partners as we form a solid foundation for one company, building on the respective strengths of both Univar and BCS.”
From the January 10, 2011, Prepared Foods E-dition