Stock News Buzz: Univar Inc. (NYSE:UNVR)

Univar Inc. (NYSE:UNVR) stock price moved ahead 6.70% from the mean of 20 days, 1.18% from 50 and separated -21.31% from 200 days average price. UNVR stock scored of 0.70% and valued price at $20.19. There were 753223 shares transacted in last trading period as compared to its an average volume of 1680.45K shares over last three months period. Univar Inc. a USA based Company, belongs to Basic Materials sector and Chemicals – Major Diversified industry. 

Europe, Univar B.V., a subsidiary of Univar Inc. (NYSE:UNVR) announced that Kao Chemicals has appointed Univar as its distributor in Spain and Portugal.  The appointment marks an expanded agreement with Kao Chemicals where Univar increases its offering for the home and industrial cleaning, as well as beauty and personal care markets.

Kao Chemicals’ broad surfactants portfolio includes alkyl ether carboxylates, which are used as mild co-surfactants, emulsifiers and solubilising agents in both personal care and detergent products and are all available under the trade name AKYPO®.  Other notable products from Kao include a line of glycerin polyoxyethylene esters that are available under the trade names LEVENOL® and EMANON®.  These well-established products are versatile nonionic specialities that can be used in foaming compositions.  The product line is completed by alcohol sulphates, amine oxides and ester quats.

“Kao is proud to extend our collaboration with Univar, a leading specialty distributor in Europe, Middle East, and Africa,” said Jordi Rios, business unit manager, SCA and F&A, Kao Chemicals Europe.  “Their logistics capabilities in Iberia coupled with the robust salesforce is the optimal choice for furthering our growth strategy and delivering the best product and service to our customers.”

“Kao has been a key strategic partner to Univar for over 20 years, so we are excited to further expand our collaboration together,” said Nigel Hayes, vice president of the local chemical distribution business in the Europe, Middle East and Africa for Univar.  “We are confident that our customers will benefit from the consistent focus we will bring, backed by strong local, technical and commercial execution.”

With access to a large and prestigious portfolio of home and industrial cleaning, as well as beauty and personal care solutions, Univar offers strong market coverage and industry expertise to supplier partners around the globe.

“Surfactants are a key product focus for Univar across our beauty and personal care as well as our household chemical businesses and Kao’s broad range is a great addition to strengthen our Iberian portfolio, bringing more innovative solutions to our customers,” noted Matthew Ottaway, vice president of focused industries in the Europe, Middle East and Africa for Univar.

 The stock has changed -34.83% in one year period and YTD Performance clocked at 13.81%. Shares of the company returned 2.38% during the last five trading days and it returned 20.54% in past 30 trading days. It changed -22.76% over recent three months. Its price volatility for a month is at 3.42% and for a week, volatility remained at 2.30%. Its beta factor stands at 1.5. Company’s price to sales ratio for last 12 months was 0.32 while its price to book ratio for the most recent quarter was 2.32. Its Market Cap valued at $2792.48M.

Leave a Reply

Your email address will not be published. Required fields are marked *