Univar Takes Turkey’s Kale Kimya

Headquartered in Istanbul, Kale Kimya is well known in the beauty and personal care and home and industrial cleaning markets, offering a portfolio that includes surfactants, actives, emulsifiers, preservatives, UV filters, fragrances, polymers, conditioners, esters and emollients.

The company, which represents more than 20 multinational suppliers, also has application laboratories and local warehouses across Turkey.

"This acquisition further progresses our strategy to grow our ingredients and specialties business with a leading company that builds on and adds to our strengths, geographic footprint and product portfolio," said Nick Powell, president of Univar global ingredients & specialties. “Their experience and knowledge will support our customers in the region, as we continue to capitalize on changing consumer trends in the marketplace."

Univar confirmed earlier this month that Brenntag had called off discussions about a potential merger, adding that it was “committed to acting in the best interest of its stockholders and will continue discussions relating to other indications of interest that have been received with respect to a potential transaction.”

Following the end of the talks, a report by news agency Bloomberg suggested that private equity firms including Apollo Global and Platinum Equity might be interested in buying Univar and were evaluating offers.