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Nexeo Solutions to Buy Specialty Chemicals Distribution Business of Mexico's Ultra Chem
Mar 13, 2017 (M&A Navigator via COMTEX) -- (C)2017 M2 COMMUNICATIONS

13 March 2017 - US-based chemicals and plastics distribution company Nexeo Solutions, Inc. (NASDAQ: NXEO) has entered into an agreement to acquire the Mexico based specialty chemicals distribution business of Ultra Chem, S. de R.L. de C.V., the company said. Facilitated through a proprietary deal process, this acquisition reflects Nexeo Solutions' continued focus on expanding its presence in specialty chemicals. Ultra Chem represents global producers in Mexico and Latin America, with a position in specialty chemicals in the region. This acquisition is expected to close during 2Q17 and is subject to customary closing conditions and regulatory approvals. Nexeo Solutions is a global chemicals and plastics distributor, representing products from world-class producers to a diverse customer base. Founded in 2000 in Mexico, Ultra Chem is in sales, marketing and distribution of specialty chemicals. Country: Mexico Sector: Chemicals Target: Ultra Chem/specialty chemicals distribution business Buyer: Nexeo Solutions Vendor: Ultra Chem Deal size in USD: Type: Corporate Acquisition Financing: Status: Agreed Buyer advisor: , , Comment: Terms of the deal were not disclosed

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