Clariant sells its stake in SF-Chem for CHF 22 Million
Clariant has sold its 25% stake in SF-Chem, based in Pratteln, Switzerland, to Capvis, a Swiss based Private Equity company, and to the company management for CHF 22 million. The Basel-based agrochemical company Syngenta, which owns the remaining 75% of SF-Chem, is also selling its stake to Capvis.
The SF-Chem transaction is part of Clariant's strategy to sell businesses that are outside its core activities. Last year the company began a far-reaching Transformation Program that includes selling several non-strategic businesses, cutting costs and making sustainable competitiveness improvements.
SF-Chem is a manufacturer of chemical intermediates for the pharmaceutical, agrochemical and specialty chemicals industries. It is headquartered in Pratteln near Basel and employs around 360 people. Closing of the transaction is expected at the end of this month.
Other news from the department business & finance
