Univar Acquires Marnic Plc and Accelerates its Growth in the European Industrial Consumables Market 04/28/2008
Rotterdam, The Netherlands - April 28, 2008 - Univar N.V., a world leader in chemical distribution, today announced that it has acquired Marnic Plc through RW Greeff (RWG), Univar's Industrial Consumables Division. Marnic Plc is a specialist distributor of tape and protection products for the construction sectors based in London, UK.
Merger brings expanded customer base, new market sectors and benefits of significant cross-selling opportunities
The acquisition reinforces the overall business specialist positioning in the industrial consumable market. Additionally, the new combination creates synergies that will greatly accelerate the rate of revenue growth of our business, ensure better geographical coverage, and allow growth of our business in mainland Europe.
The Marnic business and brand is highly praised and recognised. It will continue to operate as a separate trading entity building significant value within the combined operation.
Through the merger, both businesses will enlarge its product portfolio and will be adding specialty product ranges such as specialist tapes, adhesives and protection materials. As a result we will strengthen its position as a specialist distributor for customers and will expand its technical sales proposition with a number of world class suppliers.
As Mark Hughes, RW Greeff managing director explained, "The purchase of Marnic is consistent with our aggressive growth strategy and expansion into key new market sectors such as construction. Through Marnic, our entry into the construction consumables market greatly enhances our status as a niche technical distributor, portable at a Pan European level to both customers and suppliers. Marnic management has done an exceptional job in developing the business since the company's inception in establishing and serving a strong and loyal customer and supplier base. We are delighted that they are remaining with us to accelerate our combined growth strategies."
Marnic Plc is an independent niche supplier to construction, agriculture, audio visual and aerospace sectors. Based in London, the company's activities reach across the United Kingdom, Ireland and, through export business, mainland Europe. Combining 40 years experience with the technical excellence of the world's leading tape and protection material manufacturers, Marnic plc has created a complete range of quality products. Marnic business turnover reaches over £5M sales in 2007 based on a cost effective and efficient sales channel. Marnic facilities at the Royal Arsenal, South East London comprise of 22,000 sq ft of covered warehousing with a further 3,000 sq ft of offices. www.marnic.com
RW Greeff, a division of Univar in Europe, has supplied a range of over 8,000 products to UK markets, in particular automotive OEM, electronics, transportation, industrial, energy, food and beverage sectors for over 125 years. Based in the UK, RW Greeff has activities in the UK, Ireland, Poland and Hungary and export activity into the majority of Western European countries. The business is focused on the sales and marketing of consumable products - tapes, adhesives, abrasives, lubrication and greases, specialist coatings and health and safety products such as work wear and protection. www.rwgreeff.co.uk
Univar N.V. is one of the world's leading independent distributors of industrial chemicals and providers of related specialty services, operating throughout North America and Europe. Univar endeavors to service its customer base, made up of some 250,000 industrial customers, with a full portfolio of products. The majority are commodities that the company buys in bulk, then processes, blends and repacks to meet the diverse requirements of the industries we serve. Others are specialties - purchased pre-packaged and sold on a technical basis, usually under a manufacturer's own brand. Univar operates a network of over 200 distribution centers, located throughout the United States, Canada, Europe and China. In 2007, Univar reported sales of USD 8.1 billion. Univar has approximately 7,700 employees based throughout North America, Europe and China. The company's registered office is in Rotterdam, the Netherlands, with administrative support offices in Bellevue, Washington, USA, and Bradford, England, UK. For more information, visit: www.univareurope.com and www.univarcorp.com.