Clariant signs definitive agreement to sell Quats business
August 31 2022 - 1:00AM
Clariant signs definitive agreement to sell Quats business
MUTTENZ, AUGUST 31, 2022
Clariant, a focused, sustainable, and innovative
specialty chemical company, today announced that it has reached a
definitive agreement for the divestment of its Quats business to
Global Amines Company Pte. Ltd., a 50/50 joint venture owned by
Clariant and Wilmar, Asia’s leading agricultural business and
oleochemicals business globally.
This divestment is a further step in Clariant’s
portfolio transformation to focus operations purely on specialty
chemicals. Quats are quaternary ammonium compounds, a group of
chemicals used for a variety of purposes including as
preservatives, surfactants, and as antistatic agents. Quats are
used in a wide range of commercial, industrial, and consumer
products. The business maintains an excellent reputation as a
leading supplier of quats with proprietary technology and a good
service reputation.
The transfer will be an asset sale of the sites
in Germany, Indonesia, and Brazil and will provide for tolling
agreements where needed. The sales price, subject to standard
closing conditions, is set at USD 113 million. The
transaction is subject to regulatory approvals and customary
closing conditions. The transaction is expected to be consummated
in the first half of 2023.
CORPORATE MEDIA RELATIONS Jochen
DubielPhone +41 61 469 63
63jochen.dubiel@clariant.com Anne
MaierPhone +41 61 469 63
63anne.maier@clariant.com Ellese CaruanaPhone
+41 61 469 63 63ellese.caruana@clariant.com |
INVESTOR RELATIONS Andreas
Schwarzwälder Phone +41 61 469 63
73andreas.schwarzwaelder@clariant.com Maria
IvekPhone +41 61 469 63
73maria.ivek@clariant.com Alexander
KambPhone +41 61 469 63 73alexander.kamb@clariant.com |
Follow us on Twitter, Facebook, LinkedIn, Instagram. This
media release contains certain statements that are neither reported
financial results nor other historical information. This document
also includes forward-looking statements. Because these
forward-looking statements are subject to risks and uncertainties,
actual future results may differ materially from those expressed in
or implied by the statements. Many of these risks and uncertainties
relate to factors that are beyond Clariant’s ability to control or
estimate precisely, such as future market conditions, currency
fluctuations, the behavior of other market participants, the
actions of governmental regulators and other risk factors such as:
the timing and strength of new product offerings; pricing
strategies of competitors; the Company’s ability to continue to
receive adequate products from its vendors on acceptable terms, or
at all, and to continue to obtain sufficient financing to meet its
liquidity needs; and changes in the political, social and
regulatory framework in which the Company operates or in economic
or technological trends or conditions, including currency
fluctuations, inflation and consumer confidence, on a global,
regional or national basis. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this document. Clariant does not undertake
any obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date of these
materials. www.clariant.com Clariant is a focused,
sustainable, and innovative specialty chemical company based in
Muttenz, near Basel/Switzerland. On 31 December 2021, Clariant
totaled a staff number of 11 537 and recorded sales of CHF 4.372
billion in the fiscal year for its continuing businesses. The
company reports in three Business Areas: Care Chemicals, Catalysis,
and Natural Resources. Clariant’s corporate strategy is led by the
overarching purpose of ‘Greater chemistry – between people and
planet,’ and reflects the importance of connecting customer focus,
innovation, sustainability, and people. |
- Clariant Media Release_Divestment Quats
Business_20220831_EN
- Clariant Media Release_Divestment Quats
Business_20220831_DE
Clariant (LSE:0QJS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clariant (LSE:0QJS)
Historical Stock Chart
From Jul 2023 to Jul 2024