Clariant closes Süd-Chemie acquisition - leatherbiz: Leading news site Leatherbiz

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Clariant closes Süd-Chemie acquisition

26/04/2011
Specialty chemicals provider Clariant announced on April 26 that it had completed the purchase of 96.15% of the shares in Süd-Chemie from One Equity Partners and the family shareholders.

Clariant will make a public offer to acquire the outstanding shares from Süd-Chemie minority shareholders. The overall transaction value amounts to approximately EUR 1.9 billion.

“This transaction is an important milestone in Clariant’s history. Following the successful completion of our restructuring in 2010, the acquisition of Süd-Chemie accelerates our strategy of profitable growth,” said Hariolf Kottmann, chief executive of Clariant. “Together we will now start the integration process to successfully integrate Süd-Chemie into Clariant.”

The acquisition means Clariant is expanding its portfolio with Süd-Chemie’s process catalysts and adsorbent agents. Süd-Chemie also has a strong research and development organisation focusing on market segments with significant growth potential. Of most immediate to the leather industry may be Süd-Chemie’s focus on chemicals for waste water treatment plants.


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