Univar closes on acquisition of US Magnablend

11 December 2012 20:37  [Source: ICIS news]

HOUSTON (ICIS)--Univar closed on its acquisition of Magnablend, the US-based distributor said on Tuesday.

Magnablend specialises in custom chemical manufacturing, blending and packaging for a variety of industries, including oil and gas, agriculture and water treatment, among others.

In oil and gas, Magnablend focuses on chemicals such as guar gum slurries, cross linkers, breakers and buffers.

Terms of the deal were not disclosed.

This year, Magnablend's sales should exceed $400m (€308m).

($1 = €0.77)

By: Al Greenwood
+1 713 525 2645

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