UPDATE: Univar (UNVR) Tops Q4 EPS by 1c, Revenues Miss; Provides FY19 Adj. EBITDA and FCF Guidance
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Univar (UNVR), Nexeo Solutions (NXEO) Report Sale of Nexeo's Plastics Distribution Business to One Rock Capital Partners for $640M
February 8, 2019 6:17 AM ESTUnivar Inc. (NYSE: UNVR) and Nexeo Solutions, Inc. (NASDAQ: NXEO) today announced an agreement for Nexeo Solutions to divest its plastics distribution business ("Nexeo Plastics") to an affiliate of One Rock Capital Partners, LLC ("One Rock") for an enterprise value of $640 million, subject to customary closing adjustments.
Univar's president and CEO, David Jukes, said: "Today's announcement marks the conclusion of our strategic review for Nexeo's Plastics Business and enables us to concentrate our energy on the core chemical distribution business and the abundant value creation opportunities from the... More
