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Investor News Details

ChemPoint Selected as Distributor of ComStar Refrigerants in the United States

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09/10/2020

DOWNERS GROVE, Ill., Sept. 10, 2020 /PRNewswire/ -- ChemPoint.com Inc. ("ChemPoint"), a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that ComStar International Inc. has chosen ChemPoint for the marketing, sales, and distribution of ComStar's performance refrigerant products in the United States.

The ComStar RS-Series of refrigerants offer a line of zero ozone depleting and low global warming potential (GWP) solutions for a variety of industrial and commercial applications. The RS-refrigerants deliver enhanced chiller performance with a significantly lower environmental impact than older, harmful hydrochlorofluorocarbon (HCFC) and hydrofluorocarbon (HFC) chemistries with higher GWP, used in air conditioning, commercial, and industrial refrigeration, chillers, refrigerated transport, appliances, and equipment with capillary & TXV expansion devices.

"We are excited about our new partnership with ComStar. As yesterday's harmful refrigerant technologies are phased out, it is important to select an eco-conscious, environmentally friendly refrigerant," remarked Rick Hoener, global managing director for ChemPoint. "ComStar's advanced refrigerants are recognized for their quality and low GWP. Their 45 years of experience in manufacturing environmentally friendly chemistries is a perfect match with ChemPoint's agile and innovative digital approach to providing superior customer service to the trade professional market."

While ComStar will continue to develop and deliver innovative refrigerant solutions for the consumer and industrial end markets such as aerospace, automotive, chemical processing, food and beverage, pharmaceuticals, and more, ChemPoint will leverage its technical expertise and high service level to reach new markets and applications.

Steven Mella, chief executive officer of ComStar added, "ComStar manufactures a comprehensive product line of environmentally safe, industrial strength chemical products for the trade professional. ChemPoint's unique customer support platforms set them apart from chemical distribution companies of the past. We're confident that ChemPoint's outreach tools and customer driven services will help extend the reach of ComStar's state-of-the-art low GWP retrofit refrigerants, ultimately helping to reduce the carbon footprint of refrigerants." 

About ComStar International Inc.
ComStar International Inc., a New York corporation, manufactures the most comprehensive product line of environmentally safe, industrial strength chemical products for the HVACR, plumbing and mechanical parts cleaning trade professionals in the world. Unlike their competition who may specialize in just one product line, ComStar has been a leader in developing, manufacturing, and marketing over 300 specialty products designed specifically for the trade professional in several application markets for more than 45 years. For more information, visit comstarproducts.com.

About ChemPoint
ChemPoint.com Inc., a wholly owned subsidiary of Univar Solutions Inc., is a unique distribution business that provides marketing and sales services for specialty and fine chemicals in North America, Europe, the Middle East, Africa, and Latin America. The company engages in exclusive product line relationships with premier manufacturers, providing tailored solutions to more than 80 supplier partners and over 200 product lines globally. For more information, visit ChemPoint.com.

About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and North American sales force, unparalleled logistics know-how, deep market and regulatory knowledge, world-class formulation and recipe development, and leading digital tools the company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. Univar Solutions is committed to helping customers and suppliers innovate and grow together. Learn more at UnivarSolutions.com.

Forward-Looking Statements
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and predictions for the future, which are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company's filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo Solutions, Inc., or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company's filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek, "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.

 

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SOURCE Univar Solutions Inc.

Stock Quote: NYSE

NYSE: UNVR

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Sep 22, 2020 04:00 PM Pricing delayed 20 minutes

Contact Information

Heather Kos
Investor Relations
Univar Solutions
ir@univarsolutions.com
+1 844-632-1060

Owais Yusuf
Investor Relations
Univar Solutions
ir@univarsolutions.com
+1 844-632-1060

Liam McCarroll
Sustainability
Univar Solutions
sustainability@univarsolutions.com
+1 844-632-1060

Dwayne Roark
Media Relations
Univar Solutions
mediarelations@univarsolutions.com
+1 331-777-6031


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