Univar's Subsidiary Selected as Distributor for Seaweed

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.

Will you retire a millionaire?

One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”

Click to get it free >>

Click to get this free report

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

To read this article on click here.

Zacks Investment Research

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

Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More