Nexeo Solutions to Buy Specialty Chemicals Distribution Business of Mexico's Ultra Chem
Mar 13, 2017 (M&A Navigator via COMTEX) --
(C)2017 M2 COMMUNICATIONS http://www.m2.com
13 March 2017 - US-based chemicals and plastics distribution company Nexeo Solutions, Inc. (NASDAQ: NXEO) has entered into an agreement to acquire the Mexico based specialty chemicals distribution business of Ultra Chem, S. de R.L. de C.V., the company said.
Facilitated through a proprietary deal process, this acquisition reflects Nexeo Solutions' continued focus on expanding its presence in specialty chemicals.
Ultra Chem represents global producers in Mexico and Latin America, with a position in specialty chemicals in the region.
This acquisition is expected to close during 2Q17 and is subject to customary closing conditions and regulatory approvals.
Nexeo Solutions is a global chemicals and plastics distributor, representing products from world-class producers to a diverse customer base.
Founded in 2000 in Mexico, Ultra Chem is in sales, marketing and distribution of specialty chemicals.
Target: Ultra Chem/specialty chemicals distribution business
Buyer: Nexeo Solutions
Vendor: Ultra Chem
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed