PARIS — Switzerland-based chemical company Clariant announced today it has inked a deal to divest its textile chemicals and two other business units — paper specialties and emulsions — to U.S. private equity firm SK Capital. "For Clariant the transaction marks a significant milestone in the execution of its profitable growth strategy, after the acquisition of Süd-Chemie in 2011," Clariant chief executive officer CEO Hariolf Kottmann said.
The total sale amounts to approximately 502 million Swiss francs, or $548.7 million at current exchange.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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