Univar Inc.’s fully-owned subsidiary, Univar B.V., and Colonial Chemical's beauty, personal care and household divisions have inked a new distribution deal. The five-year European distribution deal will not only expand Univar’s surfactant portfolio but will also increase its ability to offer products derived from renewable ingredients.
Colonial focuses on the emerging green chemistry market along with traditional methods to offer household, personal care and industrial products. It is a global supplier of surfactants to more than 25 countries.
According to Univar, surfactants have always been an important part of its portfolio. The latest move will enable the company to provide a tailored offering of surfactants derived from all-natural and renewable ingredients. It will also help to address the growing demand for natural products in home care and personal care markets.
Notably, Univar’s focused industries line of business provides dedicated expertise to three core industries — Personal Care, Food Ingredients and Coatings & Adhesives. Moreover, its simplified supply chain helps to reduce supplier costs and extends the reach of technical expertise into local markets.
Univar’s shares have lost 3.5% over the past six months, modestly underperforming the industry’s 2.8% dip.
Univar, during first-quarter earnings call, said that it expects strong core business performance in the second quarter of 2018 and projects a high single digit growth in adjusted EBITDA.
Moreover, Univar sees adjusted EBITDA growth of low-double digits for full-year 2018. Moreover, the company, last month, raised its adjusted earnings expectations to the range of $1.65-$1.85 per share from the previous guidance of $1.60-$1.80.
Zacks Rank & Other Stocks to Consider
Univar currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks worth considering in the basic materials space are FMC Corporation (FMC - Free Report) , Westlake Chemical Corporation (WLK - Free Report) and Celanese Corporation (CE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FMC Corp has an expected long-term earnings growth rate of 14.3%. Its shares have moved up 19.2% in a year.
Westlake Chemical has an expected long-term earnings growth rate of 12.2%. Its shares have rallied 87.3% in a year.
Celanese has an expected long-term earnings growth rate of 8.9%. Its shares have gained 33.7% in a year.
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Univar Inc.’s fully-owned subsidiary, Univar B.V., and Colonial Chemical's beauty, personal care and household divisions have inked a new distribution deal. The five-year European distribution deal will not only expand Univar’s surfactant portfolio but will also increase its ability to offer products derived from renewable ingredients.
Colonial focuses on the emerging green chemistry market along with traditional methods to offer household, personal care and industrial products. It is a global supplier of surfactants to more than 25 countries.
According to Univar, surfactants have always been an important part of its portfolio. The latest move will enable the company to provide a tailored offering of surfactants derived from all-natural and renewable ingredients. It will also help to address the growing demand for natural products in home care and personal care markets.
Notably, Univar’s focused industries line of business provides dedicated expertise to three core industries — Personal Care, Food Ingredients and Coatings & Adhesives. Moreover, its simplified supply chain helps to reduce supplier costs and extends the reach of technical expertise into local markets.
Univar’s shares have lost 3.5% over the past six months, modestly underperforming the industry’s 2.8% dip.
Univar, during first-quarter earnings call, said that it expects strong core business performance in the second quarter of 2018 and projects a high single digit growth in adjusted EBITDA.
Moreover, Univar sees adjusted EBITDA growth of low-double digits for full-year 2018. Moreover, the company, last month, raised its adjusted earnings expectations to the range of $1.65-$1.85 per share from the previous guidance of $1.60-$1.80.
Zacks Rank & Other Stocks to Consider
Univar currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks worth considering in the basic materials space are FMC Corporation (FMC - Free Report) , Westlake Chemical Corporation (WLK - Free Report) and Celanese Corporation (CE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FMC Corp has an expected long-term earnings growth rate of 14.3%. Its shares have moved up 19.2% in a year.
Westlake Chemical has an expected long-term earnings growth rate of 12.2%. Its shares have rallied 87.3% in a year.
Celanese has an expected long-term earnings growth rate of 8.9%. Its shares have gained 33.7% in a year.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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