January 22, 2017 5:57 PM ET

Trading Companies and Distributors

Company Overview of Univar USA Inc.

Company Overview

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

Suite 200

Downers Grove, IL 60515

United States

Founded in 1924

Phone:

331-777-6000

Key Executives for Univar USA Inc.

President
Age: 57
Principal Accounting Officer, Vice President, and Controller
Age: 59
Compensation as of Fiscal Year 2016.

Univar USA Inc. Key Developments

Univar USA Inc. Enters into Amendment to Credit Agreement

Univar Inc. ("Univar") announced that it and its wholly-owned subsidiary, Univar USA Inc. ("company"), have entered into an amended credit agreement with Bank of America N.A. and other lenders to provide a new Term B-2 loan facility in an aggregate principal amount of $2.2 billion, which replaces the company's previous U.S. dollar term loan B and $175.6 million of euro loans outstanding, leaving €82.7 million of the original euro term B loan facility outstanding. The amended term loan facility reflects a 50 basis points reduction in the interest rate to LIBOR plus 2.75% from LIBOR plus 3.25% and removal of the 1% LIBOR floor. The amended term loan facility will result in an $11.0 million reduction of interest expense per year for 5.5 years. The maturity date of July 2022 for the amended term loan facility remains unchanged. There was no material change to Univar's total or secured leverage as a result of the borrowings under the new term loan facilities. The terms of the euro term b loan facility remain unchanged.

ANGUS Chemical Company and Univar USA Inc. Enter into Distribution Agreement, Effective July 1, 2016

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

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.

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