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Univar sells off Performance Polymers business to Ravago

Chemical distributor says division didn't fit with growth strategy

Dave Hannon -- Purchasing, 6/30/2009 1:33:15 PM

Chemical distribution giant Univar this week sold off its performance polymers business to Ravago, a Belgian company involved in manufacturing and distribution of raw materials, including plastics.

Univar acquired the PPI business through its acquisition of Ellis & Everard in 2001. According to a Univar statement, Univar decided to sell Leominister, Mass.-based PPI to Ravago because it "no longer fit with Univar's growth strategy in North America."

Ravago's Entec Polymers division will absorb the PPI sales force and go forward business stream of customers and suppliers.

See also: Top 100 Chemical Distributors: Chemical distributors prepare for recovery

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