Univar Inc., a global chemical and ingredient distributor and provider of value-added services, has announced a deal to acquire Nexeo Solutions, Inc., a global chemicals and plastics distributor, in a cash and stock transaction valued at approximately $2.0 billion, including the assumption of Nexeo’s debt and other obligations.


“This transformational combination is designed to create the premier global chemical and ingredients distributor, with exciting opportunities for our customers, suppliers, employees and investors,” said David Jukes, Univar’s president and CEO. 


“By combining the best capabilities, talent, and resources from our two companies we will be even better equipped to deliver superior service and expanded value to our customers and supplier partners. We expect to leverage Univar’s leading e-commerce and digital capabilities across Nexeo’s financial systems and centralized ERP platform to accelerate the digital transformation already underway at Univar and reduce costs, while enhancing the ease of doing business. Our shared commitment to safety and innovation and our common organization structures provide a strong foundation for a smooth and successful integration,” added Jukes.