Stahl Holdings buys Clariants Leather services business approximately CHF 85 million

Clariant to sell leather services business to Stahl

11:19 AM, 30th October 2013
Clariant sells Leather services business to Stahl Holdings BV
Hariolf Kottmann, CEO, Clariant.

MUTTENZ, SWITZERLAND: Clariant, a world leader in specialty chemicals, plans to sell its Leather Services business to Stahl Holdings BV, majority-owned by Wendel Group, is a Dutch company providing high quality chemicals, dyes and coatings for leather and other applications. The combination of both businesses would create a global leader in leather chemicals with a higher growth profile than the stand-alone entities and with significant synergy potential.

In the proposed transaction, Clariant would receive 23 per cent of the shares of Stahl and a cash payment of approximately CHF 85 million ($94 million) in exchange for the sale of its business to Stahl. Subject to the necessary regulatory approvals and employees consultations, the transaction could be finalized in 2014. Wendel would remain the principal shareholder of Stahl with approximately 70 per cent of Stahl’s capital.

“Through this planned transaction, Clariant will achieve its goal to actively participate in the consolidation of the leather chemicals industry by creating the global leader. For Clariant, the proposed transaction marks the last big step in repositioning the portfolio. The group is now in a better position to exploit its strong market presence and intensify growth by focusing on customers and innovation,” said Hariolf Kottmann, CEO, Clariant.

© Worldofchemicals News 



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

Asahi Kasei completes construction of new research complex in Japan

TOKYO, JAPAN: Asahi Kasei Pharma has completed the construction of a new research complex in its pharmaceuticals research centre in Shizuoka, Japan, a ...

Read more
Evonik opens organic specialty surfactants facility in Shanghai, China

ESSEN, GERMANY: Evonik Industries has opened a new production facility for organic specialty surfactants in the Shanghai Chemical Industry Park (SCIP) ...

Read more
DuPont expands China R&D centre

SHANGHAI, CHINA: DuPont opened the second phase of its China Research and Development Centre. With this expansion, the DuPont China R&D Centre add ...

Read more
EuroChem starts phosphate rock drilling operations in Kazakhstan

MOSCOW, RUSSIA/KARATAU, KAZAKHSTAN: EuroChem, one of the world’s largest fertilizer companies, has launched drilling and blasting operations at ...

Read more
Understanding the chemistry of aluminum

CORVALLIS, US: Researchers at Oregon State University and the University of Oregon have eluded researchers for more than 100 years – a platform ...

Read more
AkzoNobel opens decorative paints plant in India

GWALIOR, INDIA: AkzoNobel has strengthened its manufacturing footprint in India by opening a new €20 million decorative paints plant in Gwal ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X