Company News

March 4, 2019

Univar Discusses Nexeo Integration

Univar Solutions Announces Full Year 2019 Combined Guidance

DOWNERS GROVE, Ill., March 4, 2019 /PRNewswire/ — Univar Inc. (NYSE: UNVR) (“Univar Solutions”), a leading global chemical and ingredient solutions provider, today announced revised guidance for full year 2019 reflecting the completed acquisition of Nexeo Solutions, Inc. (“Nexeo”).

“Completing the acquisition of Nexeo is a positive step forward as we redefine chemical and ingredient distribution and deliver superior growth for our partners, people and shareholders,” said David Jukes, Univar Solutions president and chief executive officer.  “As Univar Solutions, we see even greater opportunities to drive efficiencies as we focus on our mission of streamlining, innovating and growing the new company.”

Full Year 2019 Guidance

For the full year 2019, on a combined basis, Univar expects to earn $740 to $760 million in Adjusted EBITDA. This guidance reflects 10 months of earnings from the Nexeo Chemicals business and approximately $10 million in realized synergies. The Company expects to generate $300 to $350 million in free cash flow before one-time integration costs of approximately $70 million.

This guidance excludes the impact of the Nexeo plastics distribution business (“Nexeo Plastics”), which will be accounted for as a discontinued operation. An agreement was previously announced to divest Nexeo Plastics to an affiliate of One Rock Capital Partners, LLC (“One Rock“) in a transaction valued at approximately $640 million, subject to customary closing adjustments.  The transaction is expected to close in the first half of 2019 with net proceeds being used to immediately pay down debt. The transaction remains subject to the satisfaction of customary closing conditions.

https://www.prnewswire.com/news-releases/univar-solutions-announces-full-year-2019-combined-guidance-300805723.html

February 28, 2019

Recticel Results

Annual results 2018

Regulated information, Brussels, 28/02/2019 — 06:45 CET

 

  • Combined sales of EUR 1,448.3 million (-0.9%)
  • Combined Adjusted EBITDA of EUR 103.8 million (-1.6%)
  • Result of the period (share of the Group): from EUR 23.9 million to EUR 28.8 million (+20.6%)
  • Combined net financial debt: EUR 100.2 million (31 Dec 2017: EUR 122.9 million)
  • Proposal to pay a gross dividend of EUR 0.24 per share (+9.1%)

 

OUTLOOK

In a highly volatile economic and geopolitical environment, we are well positioned to adapt quickly to changing market conditions, and we remain focused on the execution of our plans. Anticipating an adverse market environment in the first half of 2019, we expect the 2019 Adjusted EBITDA3 to be above the level of 2018 on a like-for-like basis.

https://www.recticel.com/annual-results-2018.html

February 28, 2019

Recticel Results

Annual results 2018

Regulated information, Brussels, 28/02/2019 — 06:45 CET

 

  • Combined sales of EUR 1,448.3 million (-0.9%)
  • Combined Adjusted EBITDA of EUR 103.8 million (-1.6%)
  • Result of the period (share of the Group): from EUR 23.9 million to EUR 28.8 million (+20.6%)
  • Combined net financial debt: EUR 100.2 million (31 Dec 2017: EUR 122.9 million)
  • Proposal to pay a gross dividend of EUR 0.24 per share (+9.1%)

 

OUTLOOK

In a highly volatile economic and geopolitical environment, we are well positioned to adapt quickly to changing market conditions, and we remain focused on the execution of our plans. Anticipating an adverse market environment in the first half of 2019, we expect the 2019 Adjusted EBITDA3 to be above the level of 2018 on a like-for-like basis.

https://www.recticel.com/annual-results-2018.html

February 28, 2019

Hexion Names Distributor

Hexion Inc. Names U.S. and Canada Distributor for its Epoxy Specialty and Base Epoxy Resins and Intermediates Businesses

Hexion Inc. (“Hexion” or the “Company”) today announced it has named Brenntag North America, Inc., part of the Brenntag Group (“Brenntag”) as its national distribution partner for its Epoxy Specialty and Base Epoxy Resins and Intermediates businesses in the United States and Canada. “We are pleased to expand our relationship with Brenntag as a distribution partner because of their commitment to strong customer service throughout the sales process,” said Ann Frederix, Senior Vice President, Epoxy Specialties.
“As a global market leader in chemical distribution, Brenntag has extensive experience as a distributor for a variety of resins and epoxy products, as well as a strong technical sales team.” “We are excited to be aligned with Hexion, an industry leading supplier of epoxy resins,” said Ted Davlantes, Vice President, Coatings and Construction, Brenntag North America. “These products will provide us with a robust spectrum of epoxy solutions for our customers.”
Hexion is a leading producer of epoxy specialty resins, modifiers and curing agents in Europe and the United States with a global reach to its end markets. Epoxy resins are the fundamental component of many types of materials and are often used in the automotive, construction, wind energy, aerospace and electronics industries due to their superior adhesion, strength and chemical resistance. Epoxy specialty resins are also used for a variety of high-end coating applications. Epoxy-based surface coatings are among the most widely used industrial coatings due to their long service life and broad application functionality combined with overall economic efficiency.
Hexion also leverages its resin and additives position to supply custom resins to specialty coatings formulators. Hexion is also one of the world’s largest suppliers of basic epoxy resins, such as solid epoxy resin (“SER”) and liquid epoxy resin (“LER”), used in a wide variety of industrial coatings applications. About Hexion Based in Columbus, Ohio, Hexion Inc. (formerly known as Momentive Specialty Chemicals Inc.) is a global leader in thermoset resins. Hexion Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
Hexion Inc. is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Hexion Inc. and its products is available at www.hexion.com.
About Brenntag Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Essen, Germany, the company operates a global network with more than 530 locations in 73 countries and a workforce of more than 16,000 employees. In 2017, the company generated sales of EUR 11.7 billion (USD 13.3 billion). Brenntag connects chemical manufacturers and chemical users. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 185,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution. For more information on Brenntag North America, please visit www.brenntagnorthamerica.com.

Read more at: https://www.lelezard.com/en/news-18646315.html

February 28, 2019

Hexion Names Distributor

Hexion Inc. Names U.S. and Canada Distributor for its Epoxy Specialty and Base Epoxy Resins and Intermediates Businesses

Hexion Inc. (“Hexion” or the “Company”) today announced it has named Brenntag North America, Inc., part of the Brenntag Group (“Brenntag”) as its national distribution partner for its Epoxy Specialty and Base Epoxy Resins and Intermediates businesses in the United States and Canada. “We are pleased to expand our relationship with Brenntag as a distribution partner because of their commitment to strong customer service throughout the sales process,” said Ann Frederix, Senior Vice President, Epoxy Specialties.
“As a global market leader in chemical distribution, Brenntag has extensive experience as a distributor for a variety of resins and epoxy products, as well as a strong technical sales team.” “We are excited to be aligned with Hexion, an industry leading supplier of epoxy resins,” said Ted Davlantes, Vice President, Coatings and Construction, Brenntag North America. “These products will provide us with a robust spectrum of epoxy solutions for our customers.”
Hexion is a leading producer of epoxy specialty resins, modifiers and curing agents in Europe and the United States with a global reach to its end markets. Epoxy resins are the fundamental component of many types of materials and are often used in the automotive, construction, wind energy, aerospace and electronics industries due to their superior adhesion, strength and chemical resistance. Epoxy specialty resins are also used for a variety of high-end coating applications. Epoxy-based surface coatings are among the most widely used industrial coatings due to their long service life and broad application functionality combined with overall economic efficiency.
Hexion also leverages its resin and additives position to supply custom resins to specialty coatings formulators. Hexion is also one of the world’s largest suppliers of basic epoxy resins, such as solid epoxy resin (“SER”) and liquid epoxy resin (“LER”), used in a wide variety of industrial coatings applications. About Hexion Based in Columbus, Ohio, Hexion Inc. (formerly known as Momentive Specialty Chemicals Inc.) is a global leader in thermoset resins. Hexion Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
Hexion Inc. is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Hexion Inc. and its products is available at www.hexion.com.
About Brenntag Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Essen, Germany, the company operates a global network with more than 530 locations in 73 countries and a workforce of more than 16,000 employees. In 2017, the company generated sales of EUR 11.7 billion (USD 13.3 billion). Brenntag connects chemical manufacturers and chemical users. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 185,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution. For more information on Brenntag North America, please visit www.brenntagnorthamerica.com.

Read more at: https://www.lelezard.com/en/news-18646315.html