OK
The Universal Selection Source:
Adhesives Ingredients
Industry News

Clariant Expands its Portfolio by Acquiring Süd-Chemie

Published on 2011-04-27. Author : SpecialChem

MUTTENZ -- Clariant, a world leader in specialty chemicals, announced that it has completed the purchase of 96, 15% of the shares in Süd-Chemie from One Equity Partners and the family shareholders.

Clariant will make a public offer to acquire the outstanding shares from Süd-Chemie minority shareholders. The overall transaction value amounts to approx. EUR 1.9 billion (CHF 2.5 billion).

"This transaction is an important milestone in Clariant's history. Following the successful completion of our restructuring in 2010, the acquisition of Süd-Chemie accelerates our strategy of profitable growth", said Hariolf Kottmann, CEO of Clariant. "Together we will now start the integration process to successfully integrate Süd-Chemie into Clariant", Kottmann added.

By acquiring leading positions in the fields of process catalysts and adsorbent agents, Clariant is expanding its portfolio with two fast-growing business-units. Süd-Chemie also has a strong research and development organization focusing on market segments with significant growth potential.

About Clariant

Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16.200 workers at the end of 2010. In the financial year 2010, Clariant produced a turnover in excess of 7.1 billion CHF. Clariant is divided into ten business units: Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.

Source: Clariant


Improve your performance with water soluble epoxy compounds
Back to Top