BRUSSELS -- Univar Inc., a global chemical distributor, has signed an agreement to acquire leading Turkish chemical distributor, Eral-Protek. The deal is expected to close in February.
Istanbul-based Eral-Protek is one of the leading players in the region's mid-size chemical distribution sector and has a strong reputation with more than 25 years of experience in the Turkish market. The acquisition, together with the Istanbul and Izmir operations of Basic Chemical Solutions L.L.C., whose global business was acquired by Univar in December, will give Univar a solid local presence in the region.
Eral-Protek distributes a wide range of products, including a number of exclusive lines, and has a strong focus on specialty chemicals, which aligns with Univar's own specialty chemical offering. In particular, it distributes into the rubber, coatings, construction, plastic and composite industries.
Once the deal has been completed, Univar will focus on introducing new suppliers, products and services to the Turkish market, particularly in the coatings, personal care, food and pharmaceutical sectors.