Univar N.V., a world leader in chemical distribution, announced that its Univar China Ltd. subsidiary has acquired, for cash, the assets of Shanghai Jixing Chemical Co., Ltd., a small distribution company based in Shanghai, China. This acquisition was completed on September 25, 2006.

Jixing specializes in chemicals for the paint and coatings industry, serving manufacturing customers in eastern China. The acquisition is expected to bolster the development of Univar China’s business, in particular its customer base and product portfolio.

Univar N.V. has been, through its Univar China operation, sourcing product in the China market for 11 years. The Jixing acquisition represents an expansion of its commercial business and demonstrates Univar continued strategic investment in China.

The acquisition of Jixing gives Univar access to over 1000 local customers in the paint and coatings industry. Univar will distribute Dow's AMP-95, Eliokem Specialty Resins, biocides, titanium dioxide and many other products to this important industry.

This is the first acquisition for Univar in China. It highlights Univar's continued commitment to the Coatings industry globally and marks further progress for Univar's business in Greater China.

Source:佚名