Univar Acquires Nexus Ag
Expands agriculture product offering with micronutrients and specialty fertilizers
DOWNERS GROVE, Ill. and SASKATOON, Saskatchewan - Univar Inc. (NYSE: UNVR) ("Univar") announced today that its wholly owned subsidiary, Univar Canada Ltd. ("Univar Canada"), has acquired the assets of Nexus Ag Business Inc. ("Nexus Ag").
Founded in 1997, Nexus Ag is a wholesale fertilizer distributor to the Western Canada agriculture market and offers a broad range of products, including micronutrients, specialty fertilizers, potash, phosphates, and liquid and soluble nutrients from leading North American producers. The company operates from six regional warehouse locations and is based in Saskatoon, Saskatchewan.
"As a recognized leader in the fertilizer business in Western Canada, the addition of Nexus Ag to the Univar family enhances our existing macronutrient and crop protection inputs by adding a proprietary line of micronutrients, macronutrients, and specialty fertilizers," said Mike Hildebrand, President, Univar Canada, Agriculture and Environmental Sciences. "This, together with our leading distribution and services network in the region, further strengthens Univar Agriculture's ability to provide customers in Canada with a complete product and service offering that covers the entire growing cycle from start to finish."
In October 2015, Univar acquired Future Transfer and BlueStar Distribution expanding its capabilities within the Canadian agriculture market with logistics, warehousing, packaging, and formulation services. With the addition of Nexus Ag, Univar Agriculture's distribution network now includes 16 facilities in four provinces with more than 1.2 million square feet of Agrichemical Warehousing Standards Association (AWSA) warehouse space, the most in Canada.
About Univar Agriculture
Univar Agriculture provides crop protection, seed, and nutrient products and services to the cereal, oilseed, specialty crop, and horticultural markets, as well as related specific seed varieties. Univar Agriculture provides segments of the crop protection industry with storage and logistics services through its Fort Storage and Future Transfer businesses. Products for vegetation management in forestry, industrial sites, and rights-of-way are provided by Univar Environmental Sciences.
About Univar Inc.
Founded in 1924, Univar is a global distributor of specialty and basic chemicals from more than 8,000 producers worldwide. Univar operates more than 800 distribution facilities throughout North America, Western Europe, the Asia-Pacific region, and Latin America, supported by a global network of sales and technical professionals. With a broad portfolio of products and value-added services, and deep technical and market expertise, Univar delivers the tailored solutions customers need through one of the most extensive chemical distribution networks in the world. Univar is Chemistry Delivered SM.
SOURCE Univar Inc.
CONTACT: Media Relations, Scott C. Johnson, +1 331-777-6187, scott.johnson@univarusa.com
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