REDMOND, Washington, January 17, 2011 – Univar Inc. today announced that they have signed an agreement to acquire leading Turkish chemical distributor, Eral-Protek.
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.
This is a very exciting opportunity for Univar and we are very much looking forward to welcoming our 39 new colleagues from Eral-Protek in the coming weeks. Together with the integration of BCS and Quaron Benelux, our combined company will be an even stronger force to be reckoned with throughout the world. We look forward to an exciting start to the New Year and a successful future with our combined businesses in 2011 and beyond.