Univar taps a new chemical distribution unit CEO, citing multi-channel sales expertise as key to growth plans.
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FloChem is a distributor of commodity and specialty chemical solutions from North American manufacturers.
The pace of mergers and acquisitions among industrial distributors and manufacturers stalled in March following several strong months.
The transaction between the chemicals and food ingredients distributor and private equity firm Apollo is expected to close in the second half of 2023.
Chemical distributor names James Holcomb to key executive role.
Company also reports sales down 13.1 percent for the first quarter.
Acquisition expands company's environmental and facilities maintenance services.
Fourth-quarter sales down 17.6 percent year-over-year.
