Trading Companies and Distributors
Company Overview of Univar USA Inc.
Univar USA Inc. distributes industrial and specialty chemicals, and related products. It offers coatings and adhesives, such as solvents, resins, pigments, and other thickeners to make paints, inks, glues, and other binders. The company also provides food ingredients, household and industrial cleaning, oil and gas, personal care, and pharmaceutical ingredients. In addition, it offers environmental products, such as structural pest control, vegetation management, food processing, post-harvest, public health, animal health, turf and ornamental, and hay production products. Further, the company provides acids and bases, surfactants, glycols, inorganic compounds, alcohols, as well as general and...
3075 Highland Parkway
Downers Grove, IL 60515
Founded in 1924
Key Executives for Univar USA Inc.
Principal Accounting Officer, Vice President, and Controller
Compensation as of Fiscal Year 2016.
Univar USA Inc. Key Developments
ANGUS Chemical Company and Univar USA Inc. Enter into Distribution Agreement, Effective July 1, 2016
Jul 6 16
ANGUS Chemical Company and Univar USA Inc. have announced that they have entered into a new distribution agreement, effective July 1, 2016. Under the agreement, Univar will distribute ANGUS' complete line of nitroalkanes and specialty additive products sold into a number of U.S. markets, including paint and coatings; personal care; adhesives and sealants; household, industrial and institutional cleaning; inks; rubber; oil and gas; and water treatment. Univar will become the sole distributor for ANGUS products sold to the markets covered under the agreement following a de-stocking and transition period with ANGUS' incumbent U.S. distributors. Markets not covered under the agreement, such as metalworking fluids and life sciences, will continue to be serviced by ANGUS and their existing channel partners.
Department of Justice Lodges Proposes Consent Decree with United States District Court for the Central District of California, Western Division, in the Lawsuit against Multiple Companies
Jan 7 16
On December 29, 2015, the Department of Justice lodged a proposed Consent Decree with the United States District Court for the Central District of California, Western Division, in the lawsuit entitled United States and State of California Department of Toxic Substances Control v. AC Products, Inc., et al. Civil Action No. 2:15-cv-09931. The United States and the State of California filed this lawsuit under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) against the following defendants for recovery of response costs which each incurred to address environmental contamination at the Cooper Drum Company Superfund Site located in Los Angeles County, California (site): Quaker Chemical Corporation; Rathon Corp.; Shell Chemical LP; Shell Oil Company; SOCO West, Inc.; Southern California Edison; Southern Counties Oil Co.; Sta-Lube LLC f/k/a Sta-Lube, Inc.; Stuarts' Petroleum; Texaco Downstream Properties Inc.; The Boeing Company; The Valspar Corporation; Union Oil Company of California; and Univar USA Inc. The complaint names the above-listed companies as defendants based on their business relationship with the Cooper Drum Company which operated a drum reconditioning business at the Site and which accepted drums from each defendant that contained residues of hazardous substances. The Complaint also seeks declaratory relief for all future costs to be incurred. The Consent Decree resolves these claims through the payment of $5,539,266 to the United States and $53,599 to the State of California in partial recovery of response costs. In addition, the defendants are obligated under the Consent Decree to reimburse the United States and the State of California for all future response costs and to perform the remedial action that EPA selected for the Site. In return, the United States and the State of California agree not to sue the defendants under sections 106 and 107 of CERCLA.
Univar USA Inc. Announces Completion of New Term Loan Facilities and Closing of Offering of $400 Million of Senior Notes
Jul 1 15
Univar USA Inc. has completed the issuance of its $2.05 billion USD Term Loan B and €250 million EUR First Lien Term Loan and that, separately, Univar USA has closed its offering of $400 million aggregate principal amount of 6.75% Senior Notes due July 15, 2023. The New Term Loan Facilities mature in July 2022 and bear interest based on, at Univar USA's option, LIBOR plus 3.25%, subject to a LIBOR floor of 1.00%, or Base Rate plus 2.25%. There was no material change to Univar's total or secured leverage as a result of the borrowings under the New Term Loan Facilities and the issuance of the Notes. Merrill Lynch, Pierce, Fenner & Smith Incorporated, acted as lead arranger of the New Term Loan Facilities, together with additional arrangers. The company intends to use the net proceeds of the Notes offering, together with the borrowings under the New Term Loan Facilities and cash on hand, to refinance certain existing indebtedness under its existing senior secured credit facilities and pay related transaction costs. The Notes were offered in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended. The Notes were offered and sold only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside the United States pursuant to Regulation S, each under the Securities Act.
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