Univar Solutions secures foothold in Turkish market with Kale Kimya acquisition

By Alessandro Carrara | Published: 24-Jan-2023
Distribution Ingredients

The acquisition comes after Univar Solutions and its German rival Brenntag ended discussions over a potential merger

Univar Solutions is set to acquire Turkish specialty chemicals distributor Kale Kimya.

The acquisition will allow the US specialty ingredients and chemicals distributor to service clients locally.

While the terms of the transaction have not yet been disclosed, the deal is expected to be completed before the end of Q1 2023.

"This acquisition further progresses our strategy to grow our ingredients and specialties business with a leading company that builds on and adds to our strengths, geographic footprint and product portfolio," said Nick Powell, president of Global Ingredients and Specialties at Univar Solutions.

"I am delighted to soon welcome Kale Kimya to the Univar Solutions family.

“Their experience and knowledge will support our customers in the region, as we continue to capitalise on changing consumer trends in the marketplace."

Kale Kimya was established in 1975 and is headquartered in Istanbul, Türkiye.

In addition to beauty, the specialty chemicals distributor also formulates home and industrial cleaning products.

These include actives, emulsifiers, preservatives, UV filters, fragrances, polymers, conditioners, esters and emollients.

"This acquisition is a great fit between two companies that share market-leading reputations, expert technical support, a spirit of innovation and relentless dedication to exceptional customer service,” added Birgen Kaleağası Özemre, CEO, Kale Kimya.

“This will support the growth of our people and products even further, and I look forward to becoming a unified company with Univar Solutions."

It comes after Univar Solutions and its German rival Brenntag ended discussions over a potential merger in January 2023.

The company claimed there was no reason for the fall-through.

Brenntag has recently increased its presence in the US, which included the opening of a 33,000sqft production and warehouse facility in Upton, Massachusetts in November 2022.

A new 90,000sqm site also opened in Buenos Aires, Argentina, in December. 

  • Companies:
  • Univar Solutions
  • Kale Kimya
See more

You may also like

Distribution

Univar Solutions and DSM-Firmenich ink distribution deal for Central America, Mexico and the Caribbean

Read more
The agreement builds on the companies’ existing supplier relationship covering North America and Europe

Trending Articles

  1. JD Jojoba Oil: Reducing Sebum with Anti-Acne Potential Jojoba Desert’s newest studies prove JD Jojoba Oil usage results in sebum secretion reduction with anti-acne potential
  2. Breakthroughs in ingredient technology and packaging trends in the cosmetics industry The cosmetics industry is constantly evolving, driven by innovation in ingredient technology and packaging. As consumer expectations shift towards more sustainable, functional, and effective beauty solutions, brands are exploring new ways to differentiate themselves and capture market share. In 2024, several key breakthroughs in ingredient technology and packaging trends are reshaping the future of beauty products. Let’s dive into these exciting developments and explore how they are transforming the landscape
  3. A key player in dermis-epidermis communication SILAB presents COMMUSYS, a natural anti-aging active ingredient rich in biopeptides derived from the yeast Pichia stipitis, which acts on transcompartmental communication
  4. Color Pulse: Gattefossé strengthens its position in makeup with its latest collection of formulas Gattefossé, renowned for its skincare and sensory expertise, is making 2024 all about makeup. More than just a formulation kit, Color Pulse is the perfect opportunity to share Gattefossé’s knowledge on how to formulate makeup that is sensorial, high-performing, and natural at the same time
  5. You need to be a subscriber to read this article.
    Click here to find out more.
    From the ozempiconomy to cellasticity, meet the skin buzzwords for 2025 What terminology will be exciting skin care consumers in the new year and what buzzwords are ingredients firms leveraging on right now? Asks Cosmetics Business

Upcoming event

Cosmoprof India 2024

5-7 December 2024 | Mumbai, India See all

You may also like

Distribution

Univar Solutions and DSM-Firmenich ink distribution deal for Central America, Mexico and the Caribbean

The agreement builds on the companies’ existing supplier relationship covering North America and Europe
Ingredients

Univar Solutions acquires ChemSol for Americas growth boost

The chemicals distributor has locations in Costa Rica, Guatemala, El Salvador, Panama and Honduras
Ingredients

Brenntag and Univar Solutions end transaction discussions

Univar Solutions now ‘evaluating other indications of interest’
Ingredients

Is Brenntag poised to merge with Univar Solutions?

The US speciality ingredients distributor said it had received a preliminary indication of interest from Brenntag
You need to be a subscriber to read this article.
Click here to find out more.
Ingredients

Cosmetics texture: The element of surprise

While texture has always been of importance to the cosmetics industry, transformational, experiential products that surprise and delight can elevate your product offer above the competition, as John Woodruff explains
Ingredients

Univar Solutions to host a live summit during the NYSCC suppliers day in room #1A03 - admission is free

Join Univar Solutions at Booth #1131 during NYSCC Suppliers’ Day at the Javits Center on May 3-4, 2022
Ingredients

Univar Solutions opens new German laboratory

The company's Essen, Germany Solution Center will support beauty industry with innovation and product solutions
Subscribe now