Clariant divests Detergents & Intermediates business
16-Oct-2013
- Switzerland
Clariant has signed an agreement to divest its detergents & Intermediates business to International Chemical Investors Group (ICIG). The total consideration of the sale amounts to CHF 58 million, out of which 20 million will be in cash at closing. The transaction is subject to regulatory approvals.
“Having successfully closed the sale of the first three businesses two weeks ago, the divestment of Detergents & Intermediates marks the next step in streamlining our portfolio”, CEO Hariolf Kottmann said. “Once completed, the repositioning of the portfolio will allow the group to focus on exploiting its strong market positions and intensify growth by focusing on customers and innovation.”
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