19 March 2013 12:37 [Source: ICIS news]
HOUSTON (ICIS)--Nexeo Solutions has been appointed exclusive distributor for Arkema’s acrylic and styrene acrylic emulsion products for floor care applications throughout the US and Canada, the US-based chemicals distributor said on Tuesday.
The deal includes distribution of Arkema’s ENCOR-brand product line, Nexeo said.
In addition to marketing and distribution, Nexeo will provide dedicated technical services, such as formulation, lab and application assistance to Arkema, it said.
Financial terms were not disclosed.
"We are extremely pleased to have reached this agreement with Arkema,” said Dan Matheny, Nexeo’s vice president of product line management.
“We believe the addition of the ENCOR product line further strengthens the leading position of Nexeo Solutions in the household, industrial and institutional markets across the country," Matheny added.
Nexeo was formed in 2011 after private equity firm TPG Capital bought the distribution business of ?xml:namespace>
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