LONDON, May 17, 2021 /PRNewswire/ -- Europe, Univar B.V., a subsidiary of Univar
Solutions Inc. (NYSE: UNVR) ("Univar Solutions"), a global chemical
and ingredient distributor and provider of value-added services,
announced today that it has reached an expanded agreement with
Ingredion Inc. as its exclusive distributor of PureCircle's
portfolio of plant-based stevia products in select countries across
Europe[1]. PureCircle's robust range of sweeteners and flavors
enhance Univar Solutions' industry-leading portfolio of specialty
food ingredients used in beverages, dairy and dairy-alternatives as
well as sports nutrition and savory applications.
"As a valued partner for more than 20 years, we are
elated to expand and strengthen our relationship with
Ingredion, adding a broad portfolio of their natural stevia
ingredients in Europe," said
Kevin Hack, vice president of global
food ingredients at Univar Solutions. "Suppliers recognize the
value of our dedicated technical and sales teams who enjoy
long-standing relationships with food customers and wish to
innovate with ingredients like stevia products as well as find
solutions that meet the ever-present demand for consumer-friendly
and more sustainable ingredients."
Stevia is a zero-calorie, plant-based sweetener of natural
origin, up to 350 times sweeter than sugar, and found in more than
20,000 food and beverage products globally. Ingredion provides
PureCircle's stevia plant-based sweeteners and flavors, including
those made with its proprietary Starleaf™ stevia plant, which
optimizes taste and functionality for improved flavor and
mouthfeel. Bringing together Univar Solutions' local market
knowledge, technical skill and logistical support with PureCircle's
integrated supply chain and application expertise will help deliver
market-leading food and beverage solutions.
"Ingredion and PureCircle are excited about further
strengthening our partnership with Univar Solutions," said Menno
Slob, distributor manager for Ingredion. "The addition of
PureCircle's product portfolio to our existing partnership allows
us to service the market with an even broader range of ingredient
solutions and with Univar Solutions' knowledge and expertise as a
distributor along with the innovative PureCircle products we can
now offer, we are positioned to give our customers the support and
solutions they need to overcome their formulation challenges."
About Ingredion
Ingredion Incorporated (NYSE: INGR)
headquartered in the suburbs of Chicago, is a leading global ingredient
solutions provider serving customers in more than 120 countries.
With 2020 annual net sales of $6
billion, the Company turns grains, fruits, vegetables and
other plant-based materials into value-added ingredient solutions
for the food, beverage, animal nutrition, brewing and industrial
markets. With Ingredion's 32 Idea Labs® innovation centers around
the world and approximately 12,000 employees, the Company
co-creates with customers and fulfills its purpose of bringing the
potential of people, nature and technology together to make life
better. Visit ingredion.com for more information and the latest
company news.
About PureCircle
Founded in 2002, PureCircle combines
advanced R&D with full vertical integration from farm to
high-quality, great-tasting innovative stevia sweeteners.
PureCircle collaborates with the farmers who grow the stevia plants
and with the food and beverage companies, which seek to improve
their low- and no-calorie formulations using a sweetener from
plants. To meet growing demand for stevia sweeteners, PureCircle
has ramped up its supply capability. It completed expansion of its
Malaysian stevia extract facility in March
2017, increasing its capacity to rapidly supply the newer
and great-tasting specialty stevia sweeteners and to provide
ever-increasing value to its customers. PureCircle has offices
around the world with global headquarters in Chicago,
Illinois. For more information,
visit: www.purecircle.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
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.
[1] European countries include Denmark, Finland, France, Ireland, Norway, Poland, Portugal, Spain, Sweden
and the UK
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