Univar completes acquisition of Basic Chemical Solutions
Mark Byrne joins Univar as chief operating officer
Chemical distributor Univar has completed its purchase of Basic Chemical Solutions (BCS), a global distributor and trader of commodity chemicals based in Redwood City, California, US.
At the close of the transaction, Mark Byrne, president and chief executive of BCS, became executive vice president and chief operating officer of Univar.
The terms of the deal were not disclosed.
Univar, headquartered in Redmond, Washington, US says the two companies have complementary strengths that will deliver enhanced value for customers, suppliers, and employees worldwide. Univar offers a broad product portfolio, a global distribution network, and industry expertise in a wide variety of industry sectors. BCS offers bulk and mini-bulk chemical distribution.
In 2009 BCS reported sales of US$889m. Univar had sales of US$7.2bn last year.
‘This has been a tremendous year for Univar, culminating with the acquisition of BCS,’ said John Zillmer, president and ceo of Univar. ‘Heading into 2011, Univar is very well positioned with its expanded global distribution network, enhanced global sourcing capabilities, and unique value-added services. I am very pleased that Mark Byrne has joined the executive team, as his experience and leadership will ensure a seamless transition for BCS and help us to deliver enhanced value for customers and suppliers worldwide.’
‘We are very excited about the opportunity to combine our two great businesses and the significant synergies that can be created,’ said Byrne.
