THE WHAT? Univar Options has introduced the acquisition of ChemSol Group. The substances and specialty distributor operates in Costa Rica, Guatemala, El Salvador, Panama and Honduras.

THE DETAILS Phrases of the transaction weren’t disclosed. Ciro Guerra, Founder and Basic Director of ChemSol Group, stated: “We’re excited to hitch Univar Options and supply our prospects and suppliers with entry to extra merchandise, capabilities, and digital innovation that can assist their companies develop. Univar Options shares lots of the values which can be central to ChemSol’s tradition and technique, together with a dedication to collaboration, innovation, and a deep respect for teamwork, making it a seamless match for our industrial companions and the proper place for our crew to proceed rising their abilities and careers.”THE WHY? The acquisition of ChemSol will improve the Firm’s geographic footprint within the rising Central American area, in addition to its formulation and industrial providing throughout a big selection of key development markets. As Nick Powell, President of International Substances & Specialties for Univar Options, famous, “The ChemSol enterprise strengthens each our Substances and Specialties portfolio and our geographic attain, additional enhancing Univar Options place as a strategic accomplice of option to our suppliers and prospects. We’re thrilled to assist Central American prospects resolve a few of their hardest challenges and keep forward of industry-specific developments and regulatory adjustments by tapping into our steady innovation, sustainable options, and international community of formulation and technical experience, and industrial help.”