Agreement provides customers in the majority
of Europe* access to
supply through Univar Solutions distribution network
DOWNERS GROVE, Ill.,
June 8, 2023 /PRNewswire/ -- Univar
Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"),
a leading global solutions provider to users of specialty
ingredients and chemicals, today announced the Company has reached
an agreement with W. R. Grace & Co. ("Grace") to distribute
Grace's SYLOID® FP silica for pharmaceutical and
nutraceutical markets in the majority of European countries*. The
agreement builds upon the existing global relationship between
Univar Solutions and Grace in the United
States, Brazil,
Mexico, and the majority of
Europe providing customers access
to this multifunctional excipient used in over the counter and
prescription drug delivery solutions and supplements.
"Excipients are emerging as strategic drug enhancement tools in
the growing pharmaceutical and nutraceutical markets. We are
extremely pleased to further extend our longtime partnership with
Grace, a leading excipient manufacturer," said James Peterson, global vice president,
pharmaceutical ingredients for Univar Solutions. "Grace and its
customers in major European markets will benefit from our dedicated
sales and product management teams, application-specific technical
support, and complementary product portfolio. We look forward
to helping expedite any qualification processes with our global
regulatory resources, product samples, and technical application
expertise."
Grace SYLOID® FP silica contributes efficiency and
performance in many pharmaceutical and nutraceutical applications,
helping to address powder flow and caking challenges.
SYLOID® FP silica is engineered hydrated silicon dioxide
produced under controlled conditions, meeting USP/NF, EMA, JP, and
ANVISA requirements and offering high chemical purity and
performance. SYLOID® FP silica is easy to incorporate,
offering optimal performance as a glidant, carrier for active
ingredients, tableting aid, thickener and disintegrant, which helps
improve the handling, adsorption, and dissolution of many
pharmaceuticals and nutraceuticals. The excipient's unique design
combines adsorption capacity, particle size, density, and internal
surface area to provide multifunctional benefits or optimize an
application. This helps minimize the number of excipients used and
the complexity of formulations while expediting manufacturing,
ultimately improving the efficacy of the final dosage form.
"Univar Solutions is a world-class organization with an
excellent track record in delivering high-value specialty products
and services to pharmaceutical and nutraceutical markets. Grace is
proud to partner with Univar Solutions and support their portfolio
expansion with the addition of SYLOID® FP silica, a
leading multi-functional excipient trusted by global organizations
for over 50 years," said John
Gilbert, vice president, sales for Grace Materials
Technologies.
For more information, visit univarsolutions.com.
*European countries represented in the agreement:
Switzerland, Lichtenstein,
Poland, Hungary, Slovenia, Austria, Croatia, Bosnia,
Herzegovina, Serbia, Montenegro, Kosovo, Romania, Albania, Germany, France, Bulgaria, Monaco, Benelux (Netherlands, Belgium, Luxembourg), UK (England, Ireland, Scotland, Wales), Spain, Portugal, Macedonia, Malta, Czech
Republic, Slovakia, and
Greece.
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
univarsolutions.com.
About Grace
Built on talent, technology, and trust, Grace, a Standard
Industries company, is a leading global supplier of catalysts,
engineered materials, and fine chemicals. The company's two
industry-leading business segments—Catalysts Technologies and
Materials Technologies—provide innovative products, technologies,
and services that enhance the products and processes of our
customers around the world. With more than 4,500 employees, Grace
operates and/or sells to customers in over 100 countries. More
information about Grace is available at grace.com.
Forward-Looking Statements
This press release includes
certain statements relating to future events and our intentions,
beliefs, expectations, and predictions 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. 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. A detailed discussion of these factors and
uncertainties is contained in the Company's filings with the
Securities and Exchange Commission. Potential factors that could
affect such forward-looking statements include, among others: the
ultimate geographic spread of the COVID-19 pandemic; the duration
and severity of the COVID-19 pandemic; actions that may be taken by
governmental authorities to address or otherwise mitigate the
impact of the COVID-19 pandemic; the potential negative impacts of
COVID-19 on the global economy and our customers and suppliers; the
overall impact of the COVID-19 pandemic on our business, results of
operations and financial condition; other fluctuations in general
economic conditions, particularly in industrial production and the
demands of our customers; significant changes in the business
strategies of producers or in the operations of our customers;
increased competitive pressures, including as a result of
competitor consolidation; significant changes in the pricing,
demand and availability of chemicals; our levels of indebtedness,
the restrictions imposed by our debt instruments, and our ability
to obtain additional financing when needed; the broad spectrum of
laws and regulations that we are subject to, including extensive
environmental, health and safety laws and regulations; an inability
to integrate the business and systems of companies we acquire,
including of Nexeo Solutions, Inc., or to realize the anticipated
benefits of such acquisitions; potential business disruptions and
security breaches, including cybersecurity incidents; an inability
to generate sufficient working capital; increases in transportation
and fuel costs and changes in our relationship with third party
providers; accidents, safety failures, environmental damage,
product quality and liability issues and recalls; major or systemic
delivery failures involving our distribution network or the
products we carry; operational risks for which we may not be
adequately insured; ongoing litigation and other legal and
regulatory risks; challenges associated with international
operations; exposure to interest rate and currency fluctuations;
potential impairment of goodwill; liabilities associated with
acquisitions, ventures and strategic investments; negative
developments affecting our pension plans and multi-employer
pensions; labor disruptions associated with the unionized portion
of our workforce; and the other factors described in the Company's
filings with the Securities and Exchange Commission. 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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