Exhibit 99.1
PRESS RELEASE
Univar Solutions Provides Regulatory Approval Update
The Company expects the transaction to close around the middle of the third quarter of 2023
DOWNERS GROVE, Ill. – June 8, 2023 – Univar Solutions Inc. (NYSE: UNVR) (“Univar Solutions” or the “Company”), a leading global solutions provider to users of specialty ingredients and chemicals, today provided a regulatory approval update for the Company’s pending acquisition by affiliates of funds managed by affiliates of Apollo (NYSE: APO). Antitrust regulatory approvals have now been received from the United States (Hart–Scott–Rodino), Brazil, Canada, China, the European Union and Mexico. Additionally, the Company has received foreign direct investment regulatory approval from Italy.
Pending regulatory approvals include antitrust approval in Turkey and foreign direct investment approvals from the United States (the Committee on Foreign Investment in the United States), France and Spain.
“We are pleased with the regulatory approval progress for our transaction with Apollo, and look forward to completing the transaction” said Chris Pappas, chairman of the Univar Solutions Board of Directors.
Assuming timely satisfaction of necessary closing conditions, the transaction is expected to close around the middle of the third quarter of 2023.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world’s leading producers. With the industry’s largest private transportation fleet and technical sales force, unparalleled logistics know-how, deep market and regulatory knowledge, formulation and recipe development, and leading digital tools, the Company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. While fulfilling its purpose to help keep communities healthy, fed, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Growing Together. Learn more at univarsolutions.com.
FOR ADDITIONAL INFORMATION:
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Investor Relations: | | Media Relations: |
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Heather Kos | | Dwayne Roark |
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+1-844-632-1060 | | +1-331-777-6031 |
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IR@univarsolutions.com | | mediarelations@univarsolutions.com |