Univar plans immediate debt paydown with proceeds from sale of Nexeo

Chicago, March 29 – Univar Inc. announced that it will immediately pay down debt using proceeds of the $615 million it received in its divesture of Nexeo Solutions, according to a company announcement.

Nexeo Solutions was purchased by One Rock Capital Partners, LLC for $640 million.

Univar is a Downers Grove, Ill.-based distributor of industrial and specialty chemicals.

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