Aviation de-icing acquisition to expand Clariant's North American capabilities
(Thomson Reuters ONE) -
Clariant AG /
Aviation de-icing acquisition to expand Clariant's North American capabilities
Processed and transmitted by Thomson Reuters.
The issuer is solely responsible for the content of this announcement.
* Clariant acquires Octagon Process LLC
* Transaction benefits include expanded geographic footprint, improved
reliability of supply, logistical and sourcing strengths
* Expansion complements companies' existing business, offers growth in
"greener" de-icing alternatives and enhanced technological innovation
* Terms of transaction not disclosed
MUTTENZ, March 21, 2011 - Clariant, a leading supplier of de-icers for aircraft
and runways in Europe, is expanding its capabilities in the North American de-
icer market by acquiring Octagon Process LLC, a privately-held company based in
N.Y. As a result of the acquisition, Clariant will provide customers a broader
supply-chain network and enhanced geographic scope.
Terms of the transaction were not disclosed.
Through this acquisition, we will be better able to serve the region's air
carriers, airports and service providers through an expanded geographic
footprint. We expect that our customers will benefit greatly from enhanced
product and service offerings, consistent and reliable supply, and the
logistical and sourcing strengths of a truly global organization," said John
Clarke, Head of Clariant's Industrial & Consumer Specialties business in North
America.
Through the addition of Octagon's robust infrastructure and logistics network,
Clariant will be able to offer a sustainable and ready supply of Type I, Type
III and Type IV aircraft de-icing and anti-icing fluids on a national basis,
complemented by its existing line of runway de-icing products.
Joe McGrail, president of Octagon Process LLC, said, "We are extremely pleased
to join forces with a worldclass company like Clariant which offers a strong
global network of excellent sourcing, logistics, and service and market-support
capabilities. Together we can better meet the needs of our market, develop
innovative new products and provide outstanding service to our customers. It's
a win-win."
The combination of the businesses is expected to expand sales opportunities for
increasingly popular "greener" de-icing technologies. The combined businesses
will be able to offer innovative, proprietary and environmentally responsive
products and systems for recycling and fluid-management. These types of
services will help American airports comply with stricter federal guidelines for
the collection of sprayed de-icing fluid being introduced by the U.S.
Environmental Protection Agency.
"Overall, the combination of Clariant and Octagon represents clear advantages
to our customers in terms of innovation, broader supply and technical support
capabilities, and environmental sustainability," said Mathias Luetgendorf,
Clariant Executive Committee member.
Michael Willome, head of Clariant's global Industrial & Consumer Specialties
business commented, "We are pleased to be joining with our new colleagues at
Octagon in serving our customers together."
-ends-
Media Contact
Stefanie Nehlsen Phone: +41 61 469 67 42
E-Mail: stefanie.nehlsen(at)clariant.com
Clariant Media Center Phone: +41 61 469 63 63
E-Mail: media.relations(at)clariant.com
Investor Relations Contact
Siegfried Schwirzer Phone: +41 61 469 67 49
E-Mail: siegfried.schwirzer(at)clariant.com
Clariant - Exactly your chemistry.
Clariant is a global leader in the field of specialty chemicals. Strong business
relationships, commitment to outstanding service and wide-ranging application
know-how make Clariant a preferred partner for its customers. Clariant, which is
represented on five continents with more than100 group companies, employs around
16,200 people. Headquartered in Muttenz near Basel, Switzerland, it generated
sales of CHF 7.1 billion in 2010. Clariant is organized into 10 Business Units:
Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer
Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper
Specialties; Pigments; and Textile Chemicals. Clariant is committed to
sustainable growth, which is derived from its own innovative strength.
Clariant's world-class products and services play a key role in its customers'
manufacturing processes and add value to their end products. The company's
success is based on the know-how of its people and their ability to identify new
customer needs at an early stage and to work together with customers to develop
innovative, efficient solutions.
www.clariant.com
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
Press Release:
http://hugin.info/100166/R/1498374/433979.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Clariant AG via Thomson Reuters ONE
[HUG#1498374]
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 52585
Anzahl Zeichen: 6207
contact information:
Town:
Muttenz 1
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 296 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Aviation de-icing acquisition to expand Clariant's North American capabilities"
steht unter der journalistisch-redaktionellen Verantwortung von
Clariant AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
