Univar, an independent chemicals distributor with 170 facilities and over 80,000 customers, withdrew its plans for an initial public offering on Wednesday. It had announced in September plans to sell a 42.5% stake to private equity firm Clayton, Dubilier & Rice. Univar was previously listed on the NYSE until it was acquired by a Dutch company in 1996 and then split off and acquired by CVC in 2007 for $1.85 billion. The Redmond, WA-based company was originally founded in 1924 and booked $7.5 billion in sales for the 12 months ended June 30, 2010. It with the SEC to raise up to $863 million in its IPO; Goldman, Sachs & Co. and BofA Merrill Lynch were set to be the lead underwriters on the deal.