Univar acquires a distributor of chemical products of Valencia
on April 24, 2006
JSM is a regional dealer of solvents and inorganic products which enjoy a significant market share in the Levant area. It has modern facilities designed especially for your activity, in Chiva, 30 km from Valencia, in a strategic position to serve industrial customers in a fast-growing economic area. JSM was founded in 1991 by two partners, which joined later three more. Of them, three remain directly active in the business, while the other two will continue to operate as sales agents for Univar.
Univar, with its wide range of products, expects to achieve after the acquisition of JSM, a leading position in the market in the area of Levante, focusing on the industrial area and offering a wider range of generic products and specialty chemicals.
The current direction of JSM has signed contracts with UNIVAR to ensure a transition without solution of continuity, and wishes to continue leading the growth that the company has developed since its inception.
Commenting on the acquisition, Gerard Essink, Regional Director of Univar to Iberia, said: "We are satisfied of the opportunity of incorporate JSM to our business in the Iberian Peninsula." This operation offers Univar excellent growth potential, adding to our range of products the consolidated basis of JSM business and the added advantage of having a plant specifically designed to meet the demands in the industrial area around Valencia, of great economic growth. "The direction of JSM has developed an excellent job since its inception in 1991, providing service to a wide and consolidated portfolio of clients, and we are happy to stay in Univar to continue with its success."
John Phillpotts, Univar Europe President, also commented: "the acquisition of JSM is consistent with our strategy of increasing our market share in Europe, and in particular, expand our presence in existing markets through acquisitions of companies whose activity is oriented towards the customers".