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Univar (UNVR) & Dow Expand Association With Deal in China
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Univar Solutions Inc. has expanded its global relationship with Dow Inc. (DOW - Free Report) through an agreement for selected products from Beauty & Personal Care for mainland China.
Univar, being one of the largest global distributors of Dow's Beauty & Personal Care range of ingredients, has a footprint across the Americas and Europe and the recent expansion will mark its entry into mainland China for the distribution of the latter’s ingredients. The company will continue its investments in enhancing growth throughout China and the Asia Pacific. It is dedicated to advance its stature to customers and suppliers and leveraging industry expertise with local technical and marketing resources will enable it to maintain its position.
Jointly, the companies continue to provide customers with innovative solutions in the realms of ingredients, formulation and supply-chain and bring timely and budget-friendly new products to the market.
The company is enthusiastic to expand its association with Dow and believes that efforts such as these will enable it more to deliver a consistent and reliable service both locally and globally, as it looks to be the most esteemed chemical and ingredient distributor.
Shares of Univar have surged 40.4% in a year compared with the industry’s growth of 40.9%. Its earnings growth rate for the current year is pegged at 35.2%.
Image Source: Zacks Investment Research
In the last-quarter earnings call, the company noted that it expects an improvement in volumes on the reopening of the North American and European economies. It is also actively managing its expenses to maintain the financial strength.
Notably, the acquisition of Nexeo Solutions further enhances capabilities and accelerates its ability to create significant value for customers, supplier partners, employees and shareholders. Univar is progressing well with the integration of Nexeo's chemical distribution customers, suppliers and support functions and expects to achieve $120 million in annual net synergies by early 2022.
BASF has a projected earnings growth rate of 77.2% for the current year. The company’s shares have rallied around 38.6% in a year.
Avient has a projected earnings growth rate of 64.2% for the current year. The company’s shares have jumped nearly 86.2% in a year.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Image: Bigstock
Univar (UNVR) & Dow Expand Association With Deal in China
Univar Solutions Inc. has expanded its global relationship with Dow Inc. (DOW - Free Report) through an agreement for selected products from Beauty & Personal Care for mainland China.
Univar, being one of the largest global distributors of Dow's Beauty & Personal Care range of ingredients, has a footprint across the Americas and Europe and the recent expansion will mark its entry into mainland China for the distribution of the latter’s ingredients. The company will continue its investments in enhancing growth throughout China and the Asia Pacific. It is dedicated to advance its stature to customers and suppliers and leveraging industry expertise with local technical and marketing resources will enable it to maintain its position.
Jointly, the companies continue to provide customers with innovative solutions in the realms of ingredients, formulation and supply-chain and bring timely and budget-friendly new products to the market.
The company is enthusiastic to expand its association with Dow and believes that efforts such as these will enable it more to deliver a consistent and reliable service both locally and globally, as it looks to be the most esteemed chemical and ingredient distributor.
Shares of Univar have surged 40.4% in a year compared with the industry’s growth of 40.9%. Its earnings growth rate for the current year is pegged at 35.2%.
In the last-quarter earnings call, the company noted that it expects an improvement in volumes on the reopening of the North American and European economies. It is also actively managing its expenses to maintain the financial strength.
Notably, the acquisition of Nexeo Solutions further enhances capabilities and accelerates its ability to create significant value for customers, supplier partners, employees and shareholders. Univar is progressing well with the integration of Nexeo's chemical distribution customers, suppliers and support functions and expects to achieve $120 million in annual net synergies by early 2022.
Univar Solutions Inc. Price and Consensus
Univar Solutions Inc. price-consensus-chart | Univar Solutions Inc. Quote
Zacks Rank & Other Stocks to Consider
Currently, Univar holds a Zacks Rank #1 (Strong Buy).
Other similar-ranked stocks in the basic materials space are BASF SE (BASFY - Free Report) and Avient Corporation (AVNT - Free Report) . You can see the complete list of today’s Zacks #1 Rank stocks here.
BASF has a projected earnings growth rate of 77.2% for the current year. The company’s shares have rallied around 38.6% in a year.
Avient has a projected earnings growth rate of 64.2% for the current year. The company’s shares have jumped nearly 86.2% in a year.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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