Univar Solutions Inc. and Apollo announced on Aug. 1 that Apollo Funds have completed the previously announced $8.1 billion acquisition of Univar (GM March 24, p. 1), which includes a minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority.
The company will continue to operate under the Univar Solutions name and brand and maintain its global presence.
“The completion of this transaction begins the next chapter for Univar Solutions as we further enhance our position as a leading global chemical and ingredients solutions provider with enhanced flexibility to explore growth opportunities for the benefit of customers, suppliers, employees, and industry alike,” said Univar CEO David Jukes.
An Apollo Funds affiliate acquired all of the outstanding shares of Univar stock. Shareholders are entitled to receive $36.15 in cash for each share of Univar common stock owned. As a result of the transaction completion, Univar common stock no longer trades on the New York Stock Exchange.