27 December 2012
Details
Clariant
has signed an agreement to
divest
* textile chemicals,
* paper specialties and
* emulsion business to
SK CAPITAL,
a private investment firm based in USA,
for approximatly 502 million Swiss Franc
(about USD 460 million , Exchange rate USD/CHF 1.09)
The transaction is expected to be close
by the end of second quarter of 2013.
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About Clariant's future outlook
- For Clariant the transaction marks a significant
milestone in execution of its profitable growth strategy,
after the acquisition of Sud-Chimie in 2011.
- Clariant can execute this divestment faster than
originally expected.
- By the end of 2013, Clariant will be an even
more profitable than today, generating the majority of
sales in noncyclical growth businesses.
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Clarints' profitable growth strategy for 2015
- 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 business that have a competitive position,
resulting in strong pricing power.
- In this context, Clariant has announced in early 2012 to
looks for strategic options for the Business Units
* Textile Chemicals,
* Paper Specialties, and
* the Business Line Emulsions units
until year-end 2013
- Also subject to this process but in the second phase are
the Business Units
* Leather Services and
* Business Lines Detergents and Intermediates
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About SK Capital
- SK Capital is a private investment firm located in
* New York, NY (USA) and
* Boca Raton, FL (USA)
- The company has track record in
* in chemicals investing
* in transitioning non-core divisions of
larger corporations to stand alone entities and
* in acquiring global businesses
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