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UNVR $36.14

UNVR target price
36.14
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Univar
Type
Public
Traded as NYSE: UNVR
Genre Chemical distribution company
Founded Seattle, Washington, United States (1924 (1924))
Founder George Van Waters and Nat S. Rogers
Headquarters Illinois, USA, Downers Grove
Number of locations
Global
Key people

Stephen D. Newlin, Chairman and Chief Executive Officer; David Jukes, President and Chief Operating Officer; Carl J. Lukach, EVP and Chief Financial Officer; Jeffrey W. Carr, SVP, Secretary and General Counsel;

Eric Foster, SVP and Chief Information Officer; Ian L. Gresham, Chief Marketing Officer;
Revenue $8.1 billion (2016)
Operating income
  • IncreaseUS$86.4M(2016)
  • US$269.0M(2015)
Net income
  • IncreaseUS$(68.4)M (2016)
  • US$15.1M (2015)
Number of employees
8,700 (2016)
Website univar.com

Founded in 1924, Univar (NYSE: UNVR) is a global chemical and ingredients distributor and provider of value-added services, working with leading suppliers worldwide. Supported by a comprehensive team of sales and technical professionals with deep specialty and market expertise, Univar operates hundreds of distribution facilities throughout North America, Western Europe, Asia-Pacific and Latin America. Univar delivers tailored customer solutions through a broad product and services portfolio sustained by one of the most extensive industry distribution networks in the world.

Univar operates one of the most extensive chemical distribution networks in the world, comprising more than 600 distribution facilities, approximately 90 million gallons of chemical storage tank capacity, and hundreds of tractors, railcars, tankers and trailers operating daily through its worldwide facilities.

Stephen D. Newlin, Chairman and Chief Executive Officer; David Jukes, President and Chief Operating Officer; Carl J. Lukach, EVP and Chief Financial Officer; Jeffrey W. Carr, SVP, Secretary and General Counsel;

Quick Facts

Univar, derives strength and competitive advantage in many ways, including from the company's scale, broad product offering, high service level, long-standing relationships with supplier partners and its industry-leading safety record.

Product Breadth and Market Reach

Univar offers a wide range of products and services across nearly all end-use markets, including:

Service

Globally, Univar provides its customers with one- to three-day order lead times and greater than 96 percent on-time delivery from its nearby facilities. To complement its extensive product portfolio, Univar offers to its customers several specialized, value-added services, such as a unique distribution business focused on the marketing and sale of specialty and fine chemicals (ChemPoint.com), automated tank monitoring and refill of less than truckload quantities (MiniBulk), chemical waste management (ChemCare), technical support and specialty product blending and formulation, particularly in agriculture.

Long-Standing Supplier Partner and Customer Relationships

Univar is proud to have developed strong, long-term relationships, many spanning several decades, with the world's premier global chemical producers and distribute products to more than 100,000 customer locations around the globe, from small- and medium-sized businesses to global industrial customers.

Safety and Regulatory Compliance

The company's commitment to safety, a strong safety record and compliance with federal, state and local environmental regulatory requirements is an increasingly important consideration for suppliers and customers when choosing a chemical distributor. In 2016, Univar continued to make safety a priority, achieving an industry-leading total case incident rate of 0.69.

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 m) 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.

During the 1990s, Univar launched an internet-based chemical distributor named ChemPoint.com. Acquisitions led to further expansion as Univar acquired four chemical distribution companies in Europe, forming Univar Europe. In 1996, Royal Pakhoed acquired Univar, and it merged with Royal Van Ommeren in 1999 to become Royal Vopak.

Univar focused on industries that were population-based, such as food, pharmaceuticals, personal care, coatings and energy. Univar hired specialists, scientists and PhDs to assist customers with product formulations and technical solutions. Growth continued through the acquisition of Ellis & Everard, which included operations in the UK, Ireland and North America. In 2002, Univar split off from Royal Vopak as an independent company and world leader in chemical distribution. In 2007, Univar purchased a leading competitor, CHEMCENTRAL and became a privately held company, owned primarily by funds managed or advised by London-based CVC Capital Partners. Univar ended the decade with $7.2 billion in net sales from the distribution of approximately 5.4 million metric tons of chemicals in 2009.

In 2010, Clayton, Dubilier & Rice, LLC acquired a 42.5% ownership interest in Univar and the company continued to grow. It acquired US-based Basic Chemical Solutions, a global distributor and trader of commodity chemicals, and the Quaron distribution business in Belgium and the Netherlands, in 2010 and 2011, respectively.

In 2013, Univar moved its corporate headquarters from Redmond to Downers Grove, Illinois, a suburb of Chicago. In June 2015, Univar filed for a $100 million initial public offering and listed on the NASDAQ under the symbol: UNVR.

In June 2016, it was announced that Univar had joined the Fortune 500 for the first time.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-24 Downgrade Barclays Overweight to Equal Weight $20.00
2016-06-24 Downgrade Barclays PLC Overweight to Equal Weight $20.00
2016-06-17 Reiterated Rating Credit Suisse Neutral
2016-06-17 Reiterated Rating Credit Suisse Group AG Neutral
2016-05-11 Upgrade Goldman Sachs Neutral to Buy $22.00
2016-05-11 Upgrade Goldman Sachs Group Inc. Neutral to Buy $22.00
2016-05-06 Reiterated Rating Jefferies Group Buy
2016-04-12 Boost Price Target Goldman Sachs $16.00 to $18.00
2016-02-16 Lower Price Target Jefferies Group $16.00
2016-02-16 Upgrade Barclays Equal Weight to Overweight $23.00 to $18.00
2016-01-20 Downgrade Goldman Sachs Buy to Neutral $24.00 to $17.00
2015-11-16 Lower Price Target Jefferies Group Buy $29.00 to $23.00
2015-11-04 Lower Price Target Credit Suisse Neutral $25.00 to $20.00
2015-11-04 Upgrade Bank of America Neutral to Buy
2015-11-04 Upgrade Bank of America Corp. Neutral to Buy
2015-09-08 Initiated Coverage Bank of America Neutral
2015-08-10 Initiated Coverage Barclays Equal Weight $26.00
2015-07-30 Reiterated Rating Deutsche Bank Hold $24.50
2015-07-30 Initiated Coverage Wells Fargo & Co. Market Perform
2015-07-30 Initiated Coverage Credit Suisse Neutral $25.00
2015-07-30 Initiated Coverage Jefferies Group Buy to Buy $29.00 to $29.00
2015-07-30 Initiated Coverage Wells Fargo Market Perform
2015-07-30 Reiterated Rating Deutsche Bank AG Hold $24.50
2015-07-28 Initiated Coverage SunTrust Neutral $27.00
2015-07-28 Initiated Coverage Goldman Sachs Buy $32.00
2015-07-28 Initiated Coverage William Blair Market Perform
2015-07-28 Initiated Coverage SunTrust Banks Inc. Neutral $27.00
2016-06-24 Downgrade Barclays Overweight to Equal Weight $20.00
2016-06-24 Downgrade Barclays PLC Overweight to Equal Weight $20.00
2016-06-17 Reiterated Rating Credit Suisse Neutral
2016-06-17 Reiterated Rating Credit Suisse Group AG Neutral
2016-05-11 Upgrade Goldman Sachs Neutral to Buy $22.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks