DOWNERS GROVE, Ill - February 19, 2018 - - Univar Inc., (NYSE: UNVR) a global chemical and ingredient distributor and provider of value-added services, announced today that it will expand its relationship with The Dow Chemical Company (Dow) to include exclusive distribution rights for UCON™ Fluids and Lubricants in North America. This authorization for Univar will complement an already long-standing relationship between Dow and ChemPoint.com Inc. (ChemPoint), a technology-enabled sales and marketing organization that is a wholly-owned subsidiary of Univar.
“Univar and Dow have enjoyed a strong relationship that spans approximately seventy-five years of serving customers in a wide-variety of industries,” says Brian Jurcak, VP of Product Management for Univar. “Dow’s global leadership, reputation for quality, and their commitment to growth in key end markets creates tremendous value. Pair that with Univar’s industry know-how and value-added services, including excellent technical and laboratory support, as well as formulation proficiency, and we can now deliver an exceptional experience for our customers.”
UCON™ is a leading brand of polyalkylene glycol (PAG) fluids and lubricants utilized in a wide variety of applications and end-markets, including: compressor and gear lubricants, hydraulic fluids, metalworking fluids, turbine lubricants, greases, and food grade lubricants. This authorization also includes the oil soluble PAG (OSP) base fluids product line. UCON™ OSP base fluids allow formulators to incorporate the advantages of a PAG synthetic base fluid, in combination with mineral, synthetic hydrocarbon or other oils, to achieve a balanced formulation that capitalizes on the strengths of multiple chemistries. The resulting lubricant can provide enhanced wear performance, deposit control, oxidation stability, viscosity index, low-temperature stability, and other valuable properties.
“The combination of Univar and ChemPoint representing this product line offers Dow market-leading capabilities to help drive our growth,” said Andrew Larson, North America market manager for Dow. “Customers across North America, in key end market segments such as industrial lubricants and metalworking fluids, will benefit from Univar’s extensive supply chain network, commitment to customer success, and leading digital technology.”
Founded in 1924, Univar (NYSE: UNVR) is a global chemical and ingredients distributor and provider of value-added services, working with leading suppliers worldwide. Supported by a comprehensive team of sales and technical professionals with deep specialty and market expertise, Univar operates hundreds of distribution facilities throughout North America, Western Europe, Asia-Pacific and Latin America. Univar delivers tailored customer solutions through a broad product and services portfolio sustained by one of the most extensive industry distribution networks in the world. For more information, visit www.univar.com.
The Dow Chemical Company (Dow) combines science and technology knowledge to develop premier materials science solutions that are essential to human progress. Dow has one of the strongest and broadest toolkits in the industry, with robust technology, asset integration, scale and competitive capabilities that enable it to address complex global issues. Dow’s market-driven, industry-leading portfolio of advanced materials, industrial intermediates, and plastics businesses deliver a broad range of differentiated technology-based products and solutions for customers in high-growth markets such as packaging, infrastructure, and consumer care. Dow is a subsidiary of DowDuPont (NYSE: DWDP), a holding company comprised of Dow and DuPont with the intent to form three strong, independent, publicly traded companies in agriculture, materials science and specialty sectors. More information can be found at www.dow.com.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act 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 our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events 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,” “comfortable with,” “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 we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.