Clariant AG: Clariant Divests Detergents & Intermediates Business to International Chemical Investors Group (ICIG)
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Clariant AG: Clariant Divests Detergents & Intermediates Business to
International Chemical Investors Group (ICIG)
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Muttenz, October 15, 2013 - Clariant, a world leader in specialty chemicals, 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.
"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", CEO Hariolf Kottmann said. "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."
"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. "Together
with the recently announced acquisition of Allessa we expect to realize
signifcant synergies in the Rhein Main region, expecting to grow ICIG combined
sales to more than EUR 1.2 billion", says ICIG Managing Director Patrick
Schnitzer.
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.
In 2012, the Detergents & Intermediates business generated around CHF 280
million in reported sales. The business employs around 660 employees in Europe,
predominantely in Germany and France.
Corporate Media Relations Investor Relations
Kai Rolker Ulrich Steiner
Phone +41 61 469 63 63 Phone +41 61 469 67 45
kai.rolker(at)clariant.com ulrich.steiner(at)clariant.com
Stefanie Nehlsen Siegfried Schwirzer
Phone +41 61 469 63 63 Phone +41 61 469 67 49
stefanie.nehlsen(at)clariant.com siegfried.schwirzer(at)clariant.com
ICIG
Sibel Cumcu
Phone +49 69 506 999 0
info(at)ic-investors.com
www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz
near Basel/Switzerland. On December 31, 2012 the company employed a total
workforce of 21,202. In the financial year 2012, Clariant recorded sales of
CHF 6.038 billion for its continuing businesses. The company reports in four
business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and
Plastics & Coatings. Clariant's corporate strategy is based on four pillars:
managing businesses for profitability, research & development and innovation,
growth in emerging markets, and repositioning of the portfolio.
www.ic-investors.com
International Chemical Investors Group (ICIG) is a privately owned industrial
holding company focusing on mid-sized chemicals and pharmaceutical businesses.
Since inception in 2004, ICIG has acquired 20 businesses, all of which have
origins in major global chemical or pharmaceutical corporations and are
independently managed. ICIG companies currently have more than 3,500 employees
operating 20 manufacturing facilities in Europe and the United States with
total sales of approximately ?850 million. For more information about
International Chemical Investors Group: www.ic-investors.com
Press release deutsch:
http://hugin.info/100166/R/1735600/581561.pdf
Press release english:
http://hugin.info/100166/R/1735600/581562.pdf
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Source: Clariant AG via Thomson Reuters ONE
[HUG#1735600]
Unternehmensinformation / Kurzprofil:
Datum: 15.10.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 305544
Anzahl Zeichen: 5599
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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