12 October 2010 19:36 [Source: ICIS news]
TORONTO (ICIS)--Global chemicals distribution major Univar agreed to acquire US-based Basic Chemical Solutions (BCS), an international distributor and trader of commodity chemicals, it said on Tuesday.
BCS, with sales of $889m (€641m) last year, was a distributor of a select list of basic commodities with a unique integrated distribution model that combined bulk and mini-bulk distribution with a global procurement and trading platform, Univar said.
Univar expects to complete the acquisition in the first quarter of 2011, it added without disclosing financial terms.
($1 = €0.72)
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