Clariant Completes Divestment of Quats Business
June 02 2023 - 1:52AM
Dow Jones News
By Pierre Bertrand
Clariant said late on Thursday that is has completed the sale of
its Quats business to Global Amines Company, a 50-50 joint venture
between the Swiss specialty-chemicals company and Singapore-based
agricultural group Wilmar International.
The deal, dating back to Aug. 31 of last year, includes the sale
of certain assets in Germany, Indonesia and Brazil, Clariant
said.
Clariant said at the time that the sale price of the business,
which makes quaternary ammonium compounds, which are chemicals used
for a variety of purposes including as preservatives, surfactants
and as antistatic agents, was set at $113 million.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
June 02, 2023 01:37 ET (05:37 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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