By  on December 27, 2012

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.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus