Univar completes Eral-Protek acquisition
- Categories: Corporate, Expansion - Acquisition, Univar Europe News, Univar Regional News
- 18 March 2011
Brussels, Belgium – 18 March 2011 – Univar Inc., a leading global chemical distributor, announced today it has successfully completed the acquisition of leading Turkish chemical distributor Eral-Protek. All 39 employees have transitioned to the combined entity.
Istanbul-based Eral-Protek is one of the leading players in the region’s mid-size chemical distribution sector and has a strong reputation with more than 25 years’ experience in the Turkish market. The acquisition, together with the Istanbul and Izmir operations of Basic Chemical Solutions, L.L.C., whose global business was acquired by Univar in December, will immediately give Univar a solid local presence in the region.
Turkey is an important market for Univar; its population of more than 77 million people and its strong economic growth present significant opportunities for the business. It is also an important logistical and cultural bridge between Univar’s European activity and its growing Middle Eastern and African business.
“We are confident that this acquisition will significantly contribute to the development of our business and the success of our growth strategy,” says David Jukes, Univar’s President Europe, Middle East and Africa. “We look forward to an exciting and successful future with our combined business and to continuing the good work already accomplished in the past months in order to ensure a successful integration.”
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About Univar
Univar is one of the world’s leading distributors of industrial and specialty chemicals. Univar represents over 2,500 chemical producers and provides its customer base, made up of 80,000 customers, with a full portfolio of products. Univar operates a network of 179 distribution facilities throughout North America, Europe, and China. In 2009, Univar reported sales of $7.2 billion. For more information, visit: www.univar.com.
Operating from 56 distribution centres in 25 countries across Europe, the Middle East, and Africa, Univar’s 2,200 local employees serve more than 28,900 customers in a diverse range of industries including coatings, food, personal care, pharmaceuticals, and other major sectors. To learn more about Univar Europe, Middle East and Africa, please visit: www.univareurope.com.
About Eral-Protek
Eral A.S. and Protek A.S, are privately held by the same main shareholders and together form Eral-Protek, a leading chemical distributor in Turkey.
Eral was founded in 1986, followed by the foundation of Protek in 1994. Together they have built a strong team specialised in distribution into the rubber, paint, construction, plastic and composite industries. The companies operate from their Istanbul headquarters, distributing from three warehouses in the territory. To learn more about Eral-Protek, please visit: http://www.eral-protek.com
For further information please contact:
Catherine Lennon
Communications Director, Europe, Middle East & Africa
Univar Europe
T +32 (0) 2 525 05 63
F +32 (0) 2 520 17 51
M +32 (0) 478 251 588
catherine.lennon@univareurope.com
Julian Rea
Senior Account Manager, CitySavvy PR
T: + 44 (0) 207 395 1000
M: + 44 (0) 7825 66 3000
julian@citysavvy.com
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