2013-10-01 07:03:02 -
Clariant AG /
Clariant AG : Clariant closes sale of Textile Chemicals, Paper Specialties and
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Muttenz, October 01, 2013 - Clariant, a world leader in specialty chemicals,
today announced the closing of the sale of its Textile Chemicals, Paper
Specialties and Emulsions businesses to SK Capital. Starting 1 October 2013, the
three former Clariant businesses are now operating under the name Archroma.
After some adjustments for working capital and for the lower operational
performance of some parts of the businesses, the total purchase price
consideration of the transaction will amount to approximately CHF 425 million,
mainly consisting of a cash inflow of CHF 355 million and the transfer
pensions and other liabilities. Worldwide, 2'900 employees will transfer to
"The successful closing of the transaction is the next step in repositioning
Clariant's portfolio towards higher growth, higher profitability businesses",
said CEO Hariolf Kottmann. "Today, I would like to express my appreciation and
thanks to all employees of the three businesses for their work. We wish them all
the best and success in the new company."
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
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Source: Clariant AG via Thomson Reuters ONE