Nexeo Solutions would like to thank its customers, suppliers, vendors, investors and other partners for reaching out following Hurricane Harvey. We wanted to give you a brief update on the impact of the storm on our personnel, operations, industry and community.

 

The storm had a direct impact on our most important asset, our employees. All of the employees who work at our corporate headquarters in the Woodlands and our two Houston-area facilities had their lives disrupted by the storm. A small number of them experienced flooding in their homes and were forced to evacuate. We are working to help support them in this time of need.

 

Our corporate offices and two local facilities were closed during the storm but our corporate offices reopened on Wednesday and our two local facilities should return to full operations by next week. Most of our Houston-area employees were able to work from home during the storm and we received significant support from our customer service center in Dublin, Ohio. We applaud the efforts of our employees in Houston, Dublin and around the world for maintaining operations during this difficult time.

 

A number of our suppliers have production facilities that were affected by the storm and we expect some products to be in short supply for the foreseeable future. In addition, regional transportation assets were similarly affected and we expect increased shipping, barge, rail and trucking costs across the region as well. Finally, most of our customers in the Houston area have been closed for several days and are just starting to return to work. Prior to, during and after the storm we maintained constant contact with our suppliers, transportation partners and customers to address these challenges. Our centralized inventory and transportation management systems have been and will continue to be critical to minimizing their disruption. At this time, we believe it is too early to assess the financial consequences of the challenges presented by Hurricane Harvey on our business. We will continue to evaluate the impact of the storm in the coming weeks and months.

 

Finally, we are saddened to see the effect of the storm on our fellow citizens in the Houston area and the rest of the Gulf Coast region. Our families, friends, neighbors, fellow citizens and partners in the local business community have all experienced a disaster of epic proportions. We know that it will take some time for life to return to normal, but are encouraged by the outpouring of support from our fellow Houstonians as well as other people across the region and the country. A number of you have asked us how you can help. We would request that you please support the following charities responding to Hurricane Harvey:

 

Red Cross
www.redcross.org/donate/hurricane-harvey
1.800.HELP NOW (1.800.435.7669)

 

Houston Food Bank
www.houstonfoodbank.org
713.547.8623

 

Houston Humane Society
www.houstonhumane.org
713.433.6421

 

Thank you again for your support.

 

David Bradley
President and CEO
Nexeo Solutions