On November 30, 2022, Engine Capital LP announced that it has sent a letter Univar Solutions Inc, stated that after receiving preliminary interest from Brenntag SE, which confirms that the Company was undervalued and, in turn, a attractive acquisition target for qualified buyers. In addition, Engine Capital LP urged the Company to publicly announce a competitive and formal sale process that invites additional parties to bid for the Company and ensures the board has all the information needed to make a value-maximizing decision that benefits all shareholders.