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VAN WATERS & ROGERS LTD. AGREES TO ACQUIRE HARCROS CHEMICAL'S CANADIAN DISTRIBUTION BUSINESS

 VAN WATERS & ROGERS LTD. AGREES TO ACQUIRE HARCROS CHEMICAL'S
 CANADIAN DISTRIBUTION BUSINESS
 KIRKLAND, Wash., Nov. 20 /PRNewswire/ -- Van Waters & Rogers Ltd., a wholly owned subsidiary of Univar Corp. (NYSE, PSE: UVX), North America's leading distributor of industrial chemicals, today announced that it has entered into an agreement with Harcros Chemicals Canada Inc. concerning the purchase of Harcros' Canadian chemical distribution business. Harcros Chemicals Canada Inc., based in Toronto, is an affiliate of Harrisons & Crosfield plc. of the United Kingdom.
 The acquisition, which is expected to add approximately $90 million (U.S.) ($105 million Canadian) to Van Waters & Rogers Ltd.'s annual sales, includes the operating assets of Harcros' Canadian chemical distribution business exclusive of all real estate other than Harcros' Toronto distribution facility.
 The acquisition is expected to close during December 1991, subject to completion of appropriate due diligence and receipt of necessary consents.
 Univar Corp., headquartered in Kirkland, operates through three subsidiaries: Van Waters & Rogers Ltd. in Canada, Van Waters & Rogers Inc. in the United States and Univar Europe in Europe.
 -0- 11/20/91
 /CONTACT: James L. Fletcher of Univar Corp., 206-889-3488; or Paul H. Hough of Van Waters & Rogers Ltd., 604-273-1441/
 (UVX) CO: Univar Corp.; Van Waters & Rogers Ltd.; Harcros Chemicals Canada
 Inc. ST: Washington IN: CHM SU: TNM


LM-JH -- SE007 -- 5525 11/20/91 15:30 EST
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Publication:PR Newswire
Date:Nov 20, 1991
Words:221
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