Clariant Sells Detergents & Intermediates
Clariant International Ltd, Muttenz, Switzerland, has signed an agreement to divest its Detergents & Intermediates business to International Chemical Investors Group (ICIG). The total consideration of the sale amounts to CHF 58 million, out of which 20 million will be in cash at closing. The transaction is subject to regulatory approvals.
Repositioning the company’s portfolio is an essential part of Clariant’s profitable growth strategy. To achieve the targets set for 2015, Clariant will focus on markets with future perspectives and strong growth rates and on businesses that have a competitive position, resulting in strong pricing power. In this context, the company has divested the Business Units Textile Chemicals, Paper Specialties and the Business Unit Emulsions on 30 September 2013 and signed an agreement for the Business Unit Detergents & Intermediates. With the planned divestment of the Business Unit Leather Services, the repositioning of Clariant’s portfolio will be completed in the coming quarters.
“The Clariant Detergents & Intermediates business ideally complements our fine chemicals and custom manufacturing operations, providing also the basis for a new detergents platform together with our U.S. hydrotropes & batch sulfonation business of Nease Corp.” says ICIG Managing Director Achim Riemann.
Clariant International Ltd.
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