Univar Inc.’s (NYSE:UNVR) subsidiary — Univar Hellas Ltd. — announced that Dow Europe GmbH, a unit of The Dow Chemical Company (NYSE:DOW), has expanded the distribution of Dow beauty care specialties organic product range by Univar Solutions in Greece.
The move reflects an extended deal with Dow, which enables Univar to boost its offering for the beauty and personal care market. Through this deal, Univar will market and sell the complete range of Dow's personal care specialty ingredients in Greece.
In addition to DOWSIL, Univar’s line of Dow products includes ACUDYNE hair styling polymers, SUNSPHERES SPF boosters, ECOSENSE surfactants, POLYOX resins and SOFTCAT conditioning polymers among many others.
Univar stated that it is pleased to expand the agreement with Dow in strategic market segment as the company continues to focus on strong technical expertise supported by local commercial execution.
Univar's shares have lost 21.8% in the past year compared with the industry’s 15.2% decline.