Apollo completes Univar acquisition

Apollo Funds has completed the acquisition of Univar Solutions, which includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The Company will continue to operate under the Univar Solutions name and brand and maintain its global presence.

David Jukes, president and chief executive officer of Univar Solutions, said: “The completion of this transaction begins the next chapter for Univar Solutions as we further enhance our position as a leading global chemical and ingredients solutions provider with enhanced flexibility to explore growth opportunities for the benefit of customers, suppliers, employees, and industry alike. I couldn’t be more pleased to be in such an advantaged position due to our broad product offering and enhanced presence in target growth end markets, award winning customer experience, leading digital tools, and expanded suite of service capabilities.”

Apollo Private Equity Partner Sam Feinstein said: “We are excited to partner with David and the talented Univar Solutions team to build on the Company’s strong foundation and track record of innovation, leveraging our extensive industry experience. We have strong conviction in Univar’s potential and look forward to embarking on a number of exciting initiatives to help accelerate the Company’s growth.”