Univar to Acquire Turkish Distributor Eral-Protek
BRUSSELS, Jan. 17, 2011 - Univar Inc., a leading global chemical distributor announced today it has signed an agreement to acquire leading Turkish chemical distributor, Eral-Protek. The deal is expected to close in February.
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.
Eral-Protek distributes a wide range of products, including a number of exclusive lines, and has a strong focus on specialty chemicals, which aligns with Univar's own specialty chemical offering. In particular it distributes into the rubber, coating, construction, plastic and composite industries.
Eral-Protek's highly skilled employees will be an asset to Univar. These include sales teams made up of trained chemical engineers and one of the best marketing teams in the industry in Turkey. This fits very well with Univar, whose strong sales and marketing teams complement chemical producers and create value for customers. Univar also provides technical expertise in application development, excellence in logistics support, and outstanding customer service to help its partners grow their business.
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.
Once the deal has been completed, Univar will focus on introducing new suppliers, products and services to this market, particularly in the coatings, personal care, food and pharmaceutical sectors.
"Eral-Protek is a very impressive company with a great reputation in the market. It has strong competencies in a variety of areas and works closely with customers to provide support and solve technical problems, very much in line with our approach at Univar," says John van Osch, President, Univar Europe, Middle East and Africa. "It is also very rigorous in terms of best practice and corporate governance which will facilitate integration into Univar."
"The chemical distribution sector in Turkey is very fragmented, leaving a clear opportunity for a distributor with truly international reach," explains Omer Aral, founder of Eral-Protek. "The business we have built in Turkey over the last 25 years will provide a very strong platform for Univar to expand its operation into the region. Their international capabilities and good standing in the market will create a very compelling proposition for customers across many sectors."
About Univar
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 179 distribution facilities throughout North America, Europe, and China. In 2009, Univar reported sales of $7.2 billion. For more information, visit: www.univar.com.
Operating from 56 distribution centres in 25 countries across Europe, the Middle East, and Africa, Univar's 2,200 local employees serve more than 28,900 customers in a diverse range of industries including coatings, food, personal care, pharmaceuticals, and other major sectors. To learn more about Univar Europe, Middle East and Africa, please visit: www.univareurope.com.
About Eral-Protek
Eral A.S. and Protek A.S., are privately held by the same main shareholders and together form Eral-Protek, a leading chemical distributor in Turkey.
Eral was founded in 1986, followed by the foundation of Protek in 1994. Together they have built a strong team specialised in distribution into the rubber, paint, construction, plastic and composite industries. The companies operate from their Istanbul headquarters, distributing from three warehouses in the territory. To learn more about Eral-Protek, please visit: www.eral-protek.com
SOURCE Univar Inc.
CONTACT: Catherine Lennon, Director - Communications, Europe, Middle East & Africa of Univar Europe, +32 (0) 2 525 05 63, Fax, +32 (0) 2 520 17 51, Mobile, +32 (0) 478 251 588, catherine.lennon@univareurope.com; or Julian Rea, Account Manager of CitySavvy PR, + 44 (0) 207 395 1000, Mobile, + 44 (0) 7825 66 3000, julian@citysavvy.com, for Univar Inc.
Web Site: www.univar.com
