The distributor of specialty chemicals and ingredients is expanding its beauty, personal care, home and industrial cleaning portfolios with the acquisition of Turkish specialty chemicals distributor Kale Kimya.
First established in 1975, Kale Kimya offers formulation laboratory capabilities and technical expertise as well as an extensive product portfolio of beauty and personal care products, and home and industrial cleaning products, including surfactants, actives, emulsifiers, preservatives, UV filters, fragrances, polymers, conditioners, esters and emollients.
Headquartered in Istanbul, Kale Kimya is a leading regional specialty chemicals distributor that is a well-known leader in the Beauty and Personal Care and Home and Industrial Cleaning markets. Having exclusive representation of over 20 worldwide known producers, Kale Kimya serves valuable customers with an extensive technical support with fully equipped application laboratories and wide range of logistic options through local warehouses in Turkey and the region. Kale Kimya plays a key role in the chemical industry supply in Turkey and over 30 export countries.
"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 & Specialties. "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 capitalize on changing consumer trends in the marketplace."
Terms of the transaction were not disclosed. Closing of the acquisition is subject to certain regulatory approvals and is expected to be completed within Q1 2023.