Clariant completes acquisition of Süd-Chemie for Euro 1.9 billion

• Clariant holds 96.15 per cent in Süd-Chemie after closing
• Integration process launched
• Accelerating profitable growth

MUTTENZ, SWITZERLAND: Clariant has completed the purchase of 96,15 per cent 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 (CHF 2.5 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. Together we will now start the integration process to successfully integrate Süd-Chemie into Clariant,” said Hariolf Kottmann, CEO, Clariant.

By acquiring leading positions in the fields of process catalysts and adsorbent agents, Clariant is expanding its portfolio with two fast-growing business-units. Süd-Chemie also has a strong research and development organization focusing on market segments with significant growth potential.

© WOC News