Clariant AG : Clariant closes sale of Detergents & Intermediates business

Clariant AG / Clariant AG : Clariant closes sale of Detergents & Intermediates business . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement. Muttenz, January 07, 2014 - Clariant, a world leader in specialty chemicals, today announced the closing of the sale of its Detergents & Intermediates business to International Chemical Investors Group (ICIG). The total consideration of the sale amounts to CHF 58 million, out of which CHF 20 million in cash became due at closing. Worldwide, 660 employees were transferred from Clariant to the new ICIG business, which from now on will operate under the WeylChem brand umbrella. "The successful sale promotes the repositioning of the company's portfolio", says Hariolf Kottmann, CEO of Clariant. "As part of Clariant's profitable growth strategy we will focus on markets with strong growth rates and good perspectives for the future and on businesses with a competitive position, resulting in solid pricing power." In this context, the company has already divested the Business Units Textile Chemicals, Paper Specialties and the Business Line Emulsions on September 30, 2013. The divestment of the Business Unit Leather Services to Stahl Holdings B.V. is expected to close in the next few months. CORPORATE MEDIA RELATIONS INVESTOR RELATIONS Kai Rolker Ulrich Steiner Phone +41 61 469 63 63 Phone +41 61 469 67 45 Stefanie Nehlsen Siegfried Schwirzer Phone +41 61 469 63 63 Phone +41 61 469 67 49 Press Release german: Press Release english: This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire 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 GlobeNewswire [HUG#1752865]