Brazil-based distributor Univar has acquired Arinos Quimica, a leading distributor of specialty and commodity chemicals in Brazil. Terms of the deal were not disclosed.
"We are extremely pleased to announce the acquisition of Arinos," said John Zillmer, CEO of Univar. "Arinos has a highly complementary business model to Univar, and provides a strong platform for future growth in the large and rapidly growing Brazilian chemical distribution market."
Arinos is a leading chemical distributor in Brazil, providing a one-stop-shop for both specialty and commodity chemicals as well as high-value services, according to officials.
The company has strong relationships with over 60 chemical manufacturers, and delivers over 1,600 products to more than 6,500 customers in diverse end markets. Arinos has also developed over 20 branded products through its formulation business.
The company is well positioned in the Brazilian market, with a nationwide distribution network and deep expertise in high growth industries, Univar said.
"Arinos and Univar have very similar approaches to the market," said Terry Hill, executive vice president of industry relations for Univar. "Each company has very strong supplier relationships, and is focused on providing high value-added services and deep industry expertise to customers."
"Univar is an excellent partner for Arinos," said Mateos Dias, CEO of Arinos. "The combination will create many synergies by providing enhanced services for our customers, access to a broader base of chemical manufacturers and products, and opportunities to leverage the global sourcing capabilities of Univar."