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Univar's Subsidiary Selected as Distributor for Seaweed


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Univar Inc. 's UNVR subsidiary, Univar B.V., stated that it has been selected by Seaweed & Co. to distribute PureSea range of seaweed ingredient products in selected European countries. These will be distributed in the food industry.

The product range introduces flavor and brings health benefits to a wide range of food and beverage applications. Per Univar, the PureSea portfolio allows the company to boost solutions-based offerings to customers and address the emerging demand for seaweed ingredient products. Moreover, the portfolio highlights a range of innovative natural seaweed ingredients, which are convenient and easy to use.   

Univar's shares have lost 22.1% in the past year compared with the 36.4% decline of the industry .



For 2019, Univar expects adjusted EBITDA between $740 million and $760 million. The projected figure reflects 10-months earnings from the Nexeo Chemicals business and net realized synergies worth roughly $10 million. The company also expects to generate $300-$350 million in free cash flow in 2019.

Moreover, Univar projects adjusted EBITDA between $195 million and $200 million for the second quarter, up from $173.1 million in the year-ago quarter.

Zacks Rank & Other Key Picks

Univar currently sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the basic materials space are Materion Corporation MTRN , Flexible Solutions International Inc FSI and AngloGold Ashanti Limited AU . These stocks currently sport a Zacks Rank #1. You can see  the complete list of today's Zacks #1 Rank stocks here .

Materion has an expected earnings growth rate of 27.3% for 2019. The company's shares have gained 15.4% in the past year.

Flexible Solutions has a projected earnings growth rate of 342.9% for the current year. The company's shares have surged 148.5% in a year's time.

AngloGold has an estimated earnings growth rate of 90.6% for the current year. Its shares have rallied 90% in the past year.

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Univar Inc. (UNVR): Free Stock Analysis Report

Flexible Solutions International Inc. (FSI): Free Stock Analysis Report

AngloGold Ashanti Limited (AU): Free Stock Analysis Report

Materion Corporation (MTRN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Business , Stocks
Referenced Symbols: UNVR , FSI , AU , MTRN



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