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Company News
Clariant closes Süd-Chemie acquisition
S
wiss speciality chemicals company Clariant has completed the purchase of 96.15% of shares in process catalysts and adsorbent agents company Süd-Chemie from One Equity Partners and the family shareholders.Clariant will make a public offer to acquire the outstanding shares from Süd-Chemie's minority shareholders. The overall transaction value amounts to EUR1.9 billion. Clariant says that following the completion of its restructuring in 2010, the acquisition of Süd-Chemie will accelerate its strategy of "profitable growth". It has also started the integration process to integrate Süd-Chemie.