Univar Solutions Expands Distribution Agreement with Tata Chemicals Ltd for Digestive Health Ingredients

0


The addition of FOSSENCE® and GOSSENCE®, which are produced using proprietary fermentation technology developed in-house by Tata Chemicals, to Univar Solutions’ industry-leading specialty ingredient portfolio, provides food and nutraceutical manufacturers United States with additional options to help them respond to changing trends in health, wellness and nutrition.

“We are delighted to expand our relationship with Tata Chemicals to provide exclusive access to their digestive health and functional ingredients for the fast growing food and nutraceutical industries,” said Matthew Ottaway, senior vice president of consumer solutions at Univar Solutions. “By combining Tata’s patented bio-fermentation process and commitment to sustainable manufacturing with the technical expertise and market reach of Univar Solutions, customers will experience exceptional value through innovative solutions. inspired by well-being and new product development opportunities for years to come.

The Nutritional Sciences division of Tata Chemicals Ltd., under the Tata NQ brand, produces prebiotic dietary fibers designed to support the growth of a healthy microbiome and provide additional formulation benefits, including sugar reduction assistance. These digestive health ingredients are used in a wide range of applications, including dietary supplements; functional foods (bakery, dairy products, snack foods); nutraceuticals; confectionery; animal feed; and other nutritional solutions.

“North America is a target market for us and we are confident that our partnership with Univar Solutions will help provide our customers with faster access, shorter delivery times and exceptional customer service. mentionned Venkatadri Ranganathan, COO, Nutrition Sciences Business, Tata Chemicals Ltd. “Our portfolio of scientific ingredients made using our patented whole-cell fermentation technology offers options to help meet the needs of today’s health-conscious and hyper-conscious customers. ‘Univar Solutions would be an excellent partner and will add to our global heritage of more than 80 years and our values ​​synonymous with the Tata group. ” For more information, visit tatanq.com.

About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global distributor of specialty chemicals and ingredients representing a premier portfolio of the world’s leading producers. With the industry’s largest private transport fleet and North American sales force, unmatched logistics know-how, in-depth market and regulatory knowledge, world-class formulation development, and digital tools from As a leading player, the company is well positioned to offer tailor-made 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 about UnivarSolutions.com and https://discover.univarsolutions.com/suppliers/tata-nq/prebiotic-fiber-solutions/

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 control of the Company. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the documents filed by the Company with the Securities and Exchange Commission. Potential factors that could affect these forward-looking statements include, but are not limited to: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that can be taken by government authorities to address or 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, in particular 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, in particular due to the consolidation of competitors; significant changes in the prices, demand and availability of chemicals; our debt levels, the restrictions imposed by our debt obligations and our ability to obtain additional financing when needed; the wide range of laws and regulations to which we are subject, including extensive environmental, health and safety laws and regulations; an inability to integrate the businesses and systems of the companies we acquire, including Nexeo Solutions, Inc., or to realize the expected 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 relationships with third party suppliers; accidents, safety breaches, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we transport; operational risks for which we may not be sufficiently insured; pending litigation and other legal and regulatory risks; challenges associated with international operations; exposure to fluctuations in interest rates and currencies; potential impairment of goodwill; liabilities associated with acquisitions, businesses and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and other factors described in documents filed by the Company with the Securities and Exchange Commission. We caution you that forward-looking information presented in this press release does not constitute a guarantee of future events or results, and that actual events or results may differ materially from those made or suggested by the forward-looking information contained in this press release. Press. . In addition, forward-looking statements can generally be identified by the use of forward-looking terms such as “may”, “plan”, “seek,” will “,” expect “,” intend “,” estimate “. “,,” “Believe” or “continue” or the negative thereof or its variations 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 assume any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unforeseen events or otherwise, except as required by law.

SOURCE Univar Solutions Inc.



Source link

Leave A Reply

Your email address will not be published.