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People & Business :: M&A
Univar to acquire Magnablend (updated)
8:50 AM MST | December 12, 2012 | Lindsay Frost
Univar (Redmond, WA) has agreed to acquire Magnablend (Waxahachie, TX), a provider of chemical manufacturing, blending, and packaging solutions. Financial terms of the agreement were not disclosed. The deal closed on 11 December, and Magnablend will now function as a wholly-owned subsidiary of Univar and will continue to be led by its existing management team. "The acquisition of Magnablend is an important step forward in Univar's continued focus on the rapidly growing North American oil and gas market," says Erik Fyrwald, Univar president and CEO...
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