15 October 2013
Details
Clariant
has signed an agreement to divest
Detergents & Intermediates business to
International Chemical Investors Group (ICIG) for
CHF 58 million
subject to regulatory approvals.
The repositioning of Clariant's portfolio
- Repositioning the company's portfolio is an essential part of
Clariant's profitable strategy.
- To achieve the targets sale 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,
* Clariant have divested the following business units
Textile Chemicals, Paper Specialties and the Business Unit Emulsion
on 30 September 2013 to SK Capital.
* Clariant have signed an agreement for the Business Unit
Detergents and Intermediates
* With the planned divestment of the Business Unit
Leather Services
- The repositioning of Clariant's porfolio will be completed
in the coming quarters.
Clariant,
Hariolf Kottmann, CEO
- Having successfully closed the sale of the first three businesses
two weeks ago, the divestment of Detergents & Intermediates
marks the next step in streamlining our portfolio.
- Once completed, the repositioning of the portfolio
will allow the group to focus on exploiting its strong market positions
and intensify growth by focusing on customers and innovation.
ICIG,
Achim Riemann, Managing Director,
- 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.
ICIG,
Patrick Schnitzer, Managing Director
- Together with the recently announced acquisition of Allessa
we expect to realize synergies in the Rhein Main region,
expecting to grow ICIG combined sales to
more than EUR 1.2 billion.
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