Univar completes Eral Protek acquisition
Univar Inc. announced it has successfully completed the acquisition of Turkish chemical distributor Eral-Protek. All 39 employees have transitioned to the combined entity.
Istanbul-based Eral-Protek is one of the leading players in the region’s mid-size chemical distribution sector and has a strong reputation with more than 25 years’ experience in the Turkish market. The acquisition, together with the Istanbul and Izmir operations of Basic Chemical Solutions, L.L.C., whose global business was acquired by Univar in December, will immediately give Univar a solid local presence in the region.
Turkey is an important market for Univar; its population of more than 77 million people and its strong economic growth present significant opportunities for the business. It is also an important logistical and cultural bridge between Univar’s European activity and its growing Middle Eastern and African business.
“We are confident that this acquisition will significantly contribute to the development of our business and the success of our growth strategy,” says David Jukes, Univar’s President Europe, Middle East and Africa. “We look forward to an exciting and successful future with our combined business and to continuing the good work already accomplished in the past months in order to ensure a successful integration.”
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