REDMOND, Washington and SAO PAULO, Brazil, Sept. 1, 2011 -- Univar Inc., a leading global chemical distributor, and Arinos Quimica Ltda. (Arinos), a leading distributor of specialty and commodity chemicals in Brazil, announced today that Univar has acquired Arinos. Terms of the acquisition were not disclosed.
"We are extremely pleased to announce the acquisition of Arinos," said John Zillmer, President and CEO of Univar. "Arinos has a highly complementary business model to Univar, and provides a strong platform for future growth in the large and rapidly growing Brazilian chemical distribution market."
Arinos is a leading chemical distributor in Brazil, providing a one-stop-shop for both specialty and commodity chemicals as well as high-value services. The company has strong relationships with over 60 chemical manufacturers, and delivers over 1,600 products to more than 6,500 customers in diverse end markets. Arinos has also developed over 20 branded products through its formulation business. The company is well positioned in the Brazilian market, with a nationwide distribution network and deep expertise in high growth industries.
"Arinos and Univar have very similar approaches to the market," said Terry Hill, Executive Vice President of Industry Relations and President of Emerging Markets for Univar. "Each company has very strong supplier relationships, and is focused on providing high value-added services and deep industry expertise to customers."
"Univar is an excellent partner for Arinos," said Mateos Dias, CEO of Arinos. "The combination will create many synergies by providing enhanced services for our customers, access to a broader base of chemical manufacturers and products, and opportunities to leverage the global sourcing capabilities of Univar."
Founded in 1997, Arinos is a leading distributor of specialty and commodity chemicals in Brazil. Arinos partners with over 60 key chemical producers and serves more than 6,500 customers in diverse end markets. Arinos distributes over 1,600 products from its state-of-the-art facilities, including more than 20 branded products from its formulation business. In 2010, Arinos reported net sales of R$168 million.
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 more than 170 facilities in North America, Europe, the Asia-Pacific region, and Latin America, with additional sales offices located in Eastern Europe, the Middle East, and Africa. In 2010, Univar reported sales of $7.9 billion.