Univar Closes IPOBy
Univar Inc., a global chemical distributor and provider of value-added services, has closed on its previously announced initial public offering (IPO) of common stock at a price of $22.00 per share. The company's common stock began trading June 18, 2015 on the New York Stock Exchange under the ticker symbol UNVR.
The underwriters for the IPO exercised in full their option to purchase from certain of our stockholders an additional 5,250,000 shares of common stock. As a result, 20,000,000 shares of common stock were sold by the company and 20,250,000 shares of common stock were sold by certain of our stockholders in the IPO. In addition, the company completed a concurrent private placement of $350 million of shares of common stock to Dahlia Investments Pte. Ltd., an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited.
Univar posted 2014 sales of approximately $10.4 billion. The United States is its largest geographic market, representing 59% of sales, followed by Europe, the Middle East and Africa (EMEA) at 21%, Canada at 15%, and the rest of the world at 5%. For the fiscal year ended December 31, 2014, Univar estimates in the chemical distribution market, it holds the number one position in North America and the number two position in Europe, according to the company’s registration filing with the US Securities and Exchange Commission. The company chemicals from over 8,000 producers worldwide and provides products and services to over 110,000 customer locations in over 150 countries.
Pharmaceutical ingredients and related chemicals to the pharmaceutical marketed represented approximately 4% of the company’s sales in 2014. The leading market segment for the company in 2014 was oil, gas and mining (17%), followed by coatings and adhesives (14%), agricultural sciences (9%), and chemical manufacturing (8%). Food ingredients and cleaning/sanitization sectors each held 6%, and personal care and utilities also each 3%, and rubber and plastics 1%. Other markets accounted for the remaining 29% of sales.