Univar Starts Distribution Deal With Novozymes In Canada
Zacks Investment Research | Jul 17, 2019 09:16PM ET
Univar Inc. (NYSE:UNVR) recently announced that NexusAg has initiated the sole distribution agreement with Novozymes for its downstream biological products in Canada. Notably, the products comprise a major portion of the inoculants portfolio. Moreover, the start of this agreement allows NexusAg to be renamed as NexusBioAg, a trusted source for crop nutrition.
Per Univar, the deal is a strategic collaboration and pertinent to the increasingly-advanced Canadian agricultural industry. The companies will combine decades of industry experience as well as its extensive reach and logistics. Univar’s NexusBioAg has dedicated sales presence, which is aimed at introducing superior market intelligence data and analytics to predict trends and drive growth.
Notably, the agreement includes the addition of Novozymes' leading product brands (including Optimize ST, JumpStart and TagTeam LCO) to the NexusBioAg’s extensive portfolio of biological and crop fertility products. The agreement brings onboard a diverse group of agricultural experts for providing services to Canadian farmers and crop retailers.
Univar’s shares have lost 24.7% in the past year compared with the 34.6% decline of the Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.