Customers can now access Cabot’s high-performance, innovative pigments and performance additives for plastics and battery applications
DOWNERS GROVE, Ill., May 31, 2022 /PRNewswire/ — Univar Solutions Inc. (NYSE: UNVR) (“Univar Solutions” or “the Company”), a global chemical and ingredient distributor and provider of value-added services, announced it has been appointed as distributor of Cabot Corporation’s specialty carbon black products for the plastics and batteries markets in Brazil. The agreement builds on the companies’ existing relationship and will provide customers with innovative materials and solutions that help improve sustainability and product performance.
Univar Solutions Appointed Distributor of Cabot Corporation’s Specialty Carbon Black Products in Brazil
“As we continue growing our ingredients and specialties business in Latin America, it’s critical that we partner with world-class suppliers who are also committed to helping meet customers’ product performance needs while keeping sustainability top-of-mind. The addition of Cabot’s specialty carbon black products to our expansive product portfolio allows us to better serve those looking to innovate, grow and differentiate their business,” said Jorge Buckup, president of Latin America for Univar Solutions.
Cabot’s specialty carbon black products are used for multiple applications in the automotive market, including helping improve the efficiency, durability, performance and lifetime of hybrid and electric vehicle batteries. In addition to batteries, the versatility of carbon black products make them well-suited for other specialty applications such as plastics, consumer electronics and industrial parts, delivering value through a range of functionalities including color, ultraviolet (UV) protection, surface smoothness and conductivity.
“We’re excited about our collaboration with Cabot in Brazil, which further expands a key supplier relationship and adds to our product offering to our customer base,” said Chris Fitzgerald, global vice president, CASE, Rubber and Plastic Additives for Univar Solutions. “We are confident our customers will benefit from the consistent focus we bring within the plastic compounding and battery markets, backed by strong local and technical support and commercial excellence.”
Bill Masterson, vice president and regional business director, Performance Additives, Cabot Corporation, added, “This partnership with Univar Solutions will provide more customers in Brazil access to Cabot’s product development, technical support and manufacturing experience in specialty carbon black materials for a variety of applications. Expanding our distribution agreement with Univar Solutions will help us meet the growing demand for our specialty carbon black products while providing customers with innovative products and expertise to help advance performance in their end use applications.”
For more information about Univar Solutions’ portfolio of coatings, adhesives, sealants and elastomers ingredients, including technical support and innovation, visit univarsolutions.com/CASE.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world’s leading producers. With the industry’s largest private transportation fleet and technical sales force, unparalleled logistics know-how, deep market and regulatory knowledge, formulation and recipe development, and leading digital tools, the Company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. While fulfilling its purpose to help keep communities healthy, fed, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Growing Together. Learn more at univarsolutions.com.
About Cabot Corporation Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.
Forward-Looking Statements
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and predictions for the future, which are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from these expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo Solutions, Inc., or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company’s filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek, “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
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SOURCE Univar Solutions Inc.
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