Clariant will be reinvesting for a
20% ownership stake in the combined business
Closing anticipated in the first half of 2022
Muttenz, June 14, 2021 – Clariant, a focused, sustainable and innovative specialty chemical company, today announced that it has reached definitive agreements for the divestment of its Pigments business to a consortium of Heubach Group (“Heubach”) and SK Capital Partners (“SK Capital”) at an Enterprise Value (EV) of CHF 805 million to CHF 855 million on a cash and debt free basis, depending on an earn-out payment of CHF 50 million contingent on the 2021 financial performance of Clariant’s Pigments business. This represents a multiple of 10.7 to 11.4 times the stand-alone adjusted 12-month EBITDA per April 2021 (LTM).
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR Definitive agreements signed by a consortium of Heubach Group and SK Capital Partners to acquire Clariant's Pigments businessEnterprise Value of CHF 805 million
Clariant AG: Clariant returns to profitable growth, increasing both sales and profitability in the first quarter of 2021
First Quarter 2021 - Progression towards mid-term targets
Muttenz, April 29, 2021 - Clariant, a focused, sustainable, and innovative specialty chemical company, today announced first quarter 2021 continuing operations sales of CHF 1.002 billion, compared to CHF 1.019 billion in the first quarter of 2020. This corresponds to a 2 % increase in local currency, whereas depreciating currencies led to a 2 % decrease in Swiss francs. The local currency expansion was driven by positive pricing.
On a regional basis, sales in Europe increased by 17 % in local currency due in part to the weather-related improvement in the Aviation business. Sales in Asia also grew by 9 %, driven by the economic recovery and the undemanding comparison base in China in the first quarter of 2020. This improvement was followed closely by Latin America, where sales rose by 4 %. Sales in the Mid
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Required fields Facility is the centerpiece of the cooperation between Clariant and Tiangang Enhances ability to serve increasing demand from Chinese growth industries Contributes to Clariant s growth ambitions in Chinese market Muttenz, April 12, 2021 Clariant, a focused, sustainable and
innovative specialty chemical company, today announced the opening of a
new world-class production facility for process and light stabilizers.
The facility is jointly owned by Clariant and Beijing Tiangang Auxiliary
Co., Ltd. (Tiangang), a privately owned producer and leading supplier of
light stabilizers in China. Located within the Cangzhou National Coastal-Port Economy & Technology
Development Zone in Cangzhou (Hebei Province), the facility forms the