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Univar announces the sell of its Performance Polymers (PPI) business to Ravago

June 26, 2009

Univar has announced the sell of its Performance Polymers (PPI) business to Ravago

PPI a full-service distributor of plastics resins was founded in Leominster, Mass, USA in 1989. The company quickly grew as a distributor and over the years added key product lines to complement its strength in commodity resins.

Through expansion and acquisition, PPI became a national distributor in the mid-1990s. It became part of the Univar family as a result the acquisition of Ellis & Everard in 2001.

Univar decided to sell PPI to Ravago as it no longer fitted with Univar's growth strategy in North America. Ravago is a global leader in distribution, compounding, and recycling of plastic resin. Ravago’s foot print in the America’s include Entec Polymers, Channel Prime Alliance, and Muehlstein. Entec will absorb the PPI sales force and go forward business stream of customers and suppliers.

This decision doesn't impact on Univar's European polymer distribution operation, Distrupol to which the company remains committed at least for the time being. However this move may signal a strategic shift away from polymer distribution as a core business globally.

About Univar
Univar is one of the world’s leading independent distributors of industrial and specialty chemicals and related services. Univar provides its customer base, made up of 250,000 customers, with a full portfolio of products. Univar operates a network of approximately 170 distribution facilities throughout North America, Europe and China. In 2008, Univar reported sales of $9.4 billion.

Source: Univar website

Further Information

Visit: http://www.univarcorp.com

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