Clariant buys remaining shares in Companhia Brasileira de Bentonita, Brazil

Clariant buys remaining shares in Companhia Brasileira de Bentonita, Brazil

10:30 AM, 2nd July 2015
Clariant buys remaining shares in Companhia Brasileira de Bentonita, Brazil

MUTTENZ, SWITZERLAND: Clariant SA said that it has closed the acquisition of the remaining 50 percent shares of Companhia Brasileira de Bentonita (CBB) from joint venture partner Geosol, a company in analytical services for mineral exploration, on 1 July. Financial details of the acquisition are not being disclosed.

Through the JV with Geosol, Clariant already owned 50 percent of the shares of CBB. The company’s decision to increase its participation in CBB to 100 percent ownership comes as part of Clariant’s strategy to invest in emerging markets and, more specifically, its intention to strengthen its presence in Brazil’s iron ore pelletizing (IOP) industry. Bentonite is a clay mineral used in the binding of iron ore for export.

In addition to the IOP segment, the company will also be able to strengthen its participation in the foundry and civil engineering markets, in which there is high demand bentonite-derived products, as well as open up new fronts in the detergents and paper industries.

CBB is located in the city of Vitoria da Conquista in the state of Bahia, Brazil. The unit includes an important bentonite mine, bentonite processing facility, and state-of-the-art production plant, in addition to laboratories, storage facilities and an office building.

“This acquisition demonstrates our commitment to the growing bentonite business in Latin America and represents a further important step for Clariant towards becoming a leading bentonite company by strengthening our global position,” said Sven Schultheis, head, business unit functional minerals, Clariant.

“This deal secures improved access to our raw clays and a portfolio expansion for the benefit of our customers in Latin America. This is a strategic initiative aimed at meeting the growing demand of our customers and supporting their development in both Brazil’s domestic and export markets,” said Solon Ramos, head of BU functional minerals for South America, Clariant.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Borealis to upgrade Sweden unit; to revamp four and shut two old furnaces

VIENNA, AUSTRIA: Borealis AG said it is investing €160 million in its production facility in Stenungsund, Sweden to upgrade and revamp four crack ...

Read more
Arsenal Capital-backed IGM Resins acquires Lamberti’s photoinitiator biz

WAALWIJK, NETHERLANDS: IGM Resins BV, a portfolio company of Arsenal Capital Partners, said it has acquired the photoinitiator business of Lamberti on ...

Read more
Solvay starts highly dispersible silica production in Poland

BRUSSELS, BELGIUM: Solvay SA said it is hosting a ceremony to mark the production launch of highly dispersible silica (HDS) at its new state-of-the-ar ...

Read more
Connell Brothers’ food ingredients distribution deal with FMC in Taiwan

TAIPEI, TAIWAN: Connell Bros Company Ltd, (CBC), a division of Wilbur-Ellis Company and distributor of specialty chemicals and ingredients in Asia-Pac ...

Read more
Niteo completes acquisition of Ashland’s Valvoline’s car-care assets

DALLAS, US: Niteo Products LLC, a newly formed affiliate of Highlander Partners LP, a middle market private investment firm said that it has completed ...

Read more
Ashland completes sale of industrial biocides assets to Troy

COVINGTON, US: Ashland Inc said it has completed the previously announced sale of industrial biocides assets within Ashland specialty ingredients to T ...

Read more