Sector News

Univar announces agreement to acquire Earthoil

May 9, 2018
Energy & Chemical Value Chain

Univar Inc., a global chemical and ingredient distributor and provider of value-added services announced today that its wholly owned subsidiary, Univar Ltd., has reached an agreement to acquire Earthoil, a subsidiary of Treatt plc, the London-listed manufacturer and supplier of innovative ingredient solutions for the flavor, fragrance, beverage, and consumer products industries.

In 2017, the Company generated approximately $11 million in annual sales. The acquisition is expected to close at the end of May 2018.

Earthoil is a supplier of pure, organic, fair trade essential and cold-pressed vegetable seed oils used in the naturals, organic beauty, and personal care markets. The Company has well-established relationships with leading international personal care brands and provides brand owners with naturally sourced products and ingredients such as marula, moringa, argan, avocado, baobab and other natural vegetable and essential oils. Vegetable-origin and naturally-derived green and ethical ingredients are a frequent consumer demand in the beauty and personal care market.

“Earthoil presents us with an attractive opportunity to add a natural ingredient product portfolio that we can leverage across our growing customer base in the European and global natural beauty and personal care market,” said Nick Powell, Univar’s president of EMEA. “Earthoil and Univar share a commitment to develop ethically and socially responsible ingredients for our customers as well as our key supplier partners.”

Richard Eyles, Earthoil general manager, commented “I’m really excited about this new chapter in the story of Earthoil. Over the last decade Earthoil has gained a justified reputation for supplying sustainable, organic oil ingredients for the personal care sector. The synergistic combination of Univar’s global sales reach, distribution expertise and formulation laboratories, coupled with Earthoil’s expertise in sourcing its provenance-rich range of essential oils and vegetable oils, will benefit our valued customers.”

Source: Univar

comments closed

Related News

July 14, 2024

Europe ethylene spot prices turn firmer on demand, feedstock, looming cracker turnarounds

Energy & Chemical Value Chain

European ethylene spot prices have firmed week on week on the back of better-than-expected demand amid higher feedstock values and an increasing focus on upcoming planned cracker maintenance outages. Spot deals this week have been reported at discounts of 32-35% on the pipeline, prior deals had been at discounts of around 38-39%.

July 14, 2024

Marcel Imwinkelried appointed new Siegfried CEO

Energy & Chemical Value Chain

He will succeed Reto Suter, who has led the Siegfried Group as CEO ad interim since the departure of Wolfgang Wienand on May 1, 2024. Suter will now focus on his role as Chief Financial Officer for Siegfried. Wienand will become CEO of Swiss competitor Lonza.

July 14, 2024

Honeywell acquires Air Products’ LNG technology, business for $1.8B

Energy & Chemical Value Chain

Honeywell Inc. (Charlotte, North Carolina) has reached agreement to acquire Air Products’ (Leigh Valley, Pennsylvania) liquefied natural gas process technology and equipment business for $1.81 billion. The deal is expected to close before the end of the year. The price represents a multiple of 13 times the unit’s estimated 2024 EBITDA.

How can we help you?

We're easy to reach