Univar
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| Public | |
| Traded as | : UNVR |
| Genre | Chemical distribution company |
| Founded | Seattle, Washington, United States (1924) |
| Founder | George Van Waters and Nat S. Rogers |
| Headquarters | Downers Grove, Illinois |
|
Number of locations
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Global |
|
Key people
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Stephen D. Newlin, Chairman, President and Chief Executive Officer |
| Revenue | $9 billion (2015) |
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|
|
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| Owner | CVC Capital Partners, Clayton, Dubilier & Rice |
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Number of employees
|
9,000 (2015) |
| Website | univar.com |
US$269.0M(2015)Univar is a chemical distribution company. The company was founded in 1924 and as of 2013, it employed approximately 8,000 employees worldwide and generated net sales of $1 in 2013.
On August 8, 1924, George Van Waters and Nat Rogers opened a small firm in Seattle, Washington, USA, buying and selling naval supplies, paint, raw materials and cotton linters. When Van Waters & Rogers entered the laundry supply business, it paved the way for the company’s future in chemicals. Near the end of the 1920s, the company moved into a 5,000-square-foot (460 m2) facility just south of downtown Seattle and, soon after, it expanded into the entire facility and plant next door. In 1936, Van Waters & Rogers’ sales topped $1 million, and by the end of the decade the company was closing on the $2 million mark. Locations were added in Portland, Oregon, Spokane, Washington and Los Angeles, California. A notable addition was the industrial chemicals division headed by Glen McElvain, a chemical salesman who was instrumental in the acquisition of local chemical companies. In the 1940s, sales increased from $2 million in 1940 to more than $18 million in 1949. Acquisitions led to market entries in San Francisco and Texas and the first two women were appointed to officer positions. In 1949, Van Waters & Rogers celebrated its 25th anniversary.
Univar acquired Industrial Materials Ltd. of Vancouver, British Columbia, and Braun-Knecht-Heimann of San Francisco in 1950. In 1956, Van Waters & Rogers made its first public stock offering. By the end of the decade, Van Waters & Rogers had locations in all 11 western states, Texas and Western Canada. Sales climbed from $18 million to more than $80 million in 1959.
In the 1960s, company headquarters relocated to San Francisco for a brief period. By mid-decade, shareholders approved the merger of Van Waters & Rogers and United Pacific Corporation. In 1966, Van Waters & Rogers became VWR United and the decade ended with the company's listing on the New York Stock Exchange on March 6, 1969.
At the March 25, 1970 board meeting, co-founder Nat Rogers retired from the company and later that same year, Jim Wiborg became CEO. As leadership changed, so did the company’s name. The name "Univar" was adopted in 1974 and the company continued to expand through acquisitions with the stated goal of becoming a national distributor. The most important acquisition was the purchase of McArthur Chemical, which established Univar as a major distributor throughout Canada.
In the 1980s, Univar became North America's largest chemical distributor and sales topped $1 billion. Responding to new government regulations and environmental concerns, the company focused on product stewardship and introduced ChemCare, a waste management service. Univar acquired McKesson Chemical with financial backing from Royal Pakhoed and, combined, the two distribution giants formed a coast-to-coast network of more than 100 locations in the United States and Canada.
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Wikipedia