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
kai.rolker@clariant.com ulrich.steiner@clariant.com
Stefanie Nehlsen Siegfried Schwirzer
Phone +41 61 469 63 63 Phone +41 61 469 67 49
stefanie.nehlsen@clariant.com siegfried.schwirzer@clariant.com
Press Release german:
http://hugin.info/100166/R/1752865/591111.pdf
Press Release english:
http://hugin.info/100166/R/1752865/591109.pdf
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]
