M&A activity continues into the week ended 24 September, asseven new transactions were announced, just one less than theweek prior.The $2-billion acquisition of Nexeo by Univar is the biggest andmost notable deal announced in the week. The combinationof Nexeo and Univar would create a distribution giant withabout $12.5 billion/year in sales. The deal values Nexeo at anEBITDA multiple of 9.4 times based on estimated 2018 results.The combined Univar and Nexeo will have North America’slargest salesforce in chemicals distribution and 'the broadestproduct offering,' says Univar president and CEO David Jukes.Consolidation has been a key theme in the chemicals distributionsector for some time. Some 46 M&A transactions werecompleted in distribution during 2017, according to DistriConsult(Wadenswil, Switzerland).
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