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Clariant sells non-core operations

11/01/2013


Clariant, the Swiss-based specialty chemicals group, has sold off a number of its non-core operations to a U.S. private equity firm for 502 million Swiss francs ($550 million).
Hariolf Kottmann, Clariant’s chief executive, said the sale of the group’s textile chemicals, paper specialties and emulsions businesses to SK Capital marked “a significant milestone in the execution of [our] profitable growth strategy, after the acquisition of Süd-Chemie in 2011.”
The three businesses were expected to generate 1.2 billion francs ($1.31 billion) in sales in 2012, around 15 percent of Clariant’s total sales, and estimated earnings before interest, tax, depreciation and amortization (Ebitda) of 80 million francs ($87.7 million).

Plastics.ru

     








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