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Clariant Finance (Luxembourg) S.A. : Clariant divests Textile Chemicals, Paper Specialties and Emulsions businesses to SK

Clariant Finance (Luxembourg) S.A. : Clariant divests Textile Chemicals, Paper
              Specialties and Emulsions businesses to SK Capital

Muttenz, December 27, 2012 - Clariant, a world leader in specialty chemicals,
has signed an agreement to divest its Textile Chemicals, Paper Specialties and
Emulsions businesses to SK Capital. The total consideration of the sale
amounts to approximately CHF 502 million, out of which approximately 460
million in cash, equivalent to 6.3 times the estimated full year 2012
recurring EBITDA of those businesses. The divestment has been approved by the
Boards of both companies. Subject to regulatory approvals, the transaction is
expected to close by the end of the second quarter of 2013.

"For Clariant the transaction marks a significant milestone in the execution
of its profitable growth strategy, after the acquisition of Süd-Chemie in
2011", CEO Hariolf Kottmann said. "I am pleased that we are able to execute
this divestment faster than originally expected. By the end of 2013, Clariant
will be an even more profitable company than today, generating a majority of
sales in non-cyclical growth businesses."

Barry Siadat, a Managing Director of SK Capital, noted, "We are delighted to
partner with the management and employees of these businesses to build upon
their strong technology, brand, and leading market positions to more
efficiently serve their large and growing global markets and customers. We
believe these businesses provide an attractive platform to capitalize on their
overlaps in technology, manufacturing, supply chain and logistics."

Repositioning the company's portfolio is an essential part of Clariant's
profitable growth strategy. To achieve the targets set for 2015, Clariant will
focus on markets with future perspectives and strong growth rates and on
businesses that have a competitive position, resulting in strong pricing
power. In this context, the company has announced in early 2012 to look for
strategic options for the Business Units Textile Chemicals, Paper Specialties
and the Business Line Emulsions until year-end 2013. Also subject to this
process but in a second phase are the Business Unit Leather Services and the
Business Line Detergents & Intermediates.

In 2012, the divested businesses will generate an estimated CHF 1.2 billion
in sales, equaling approximately 15 % of total Group sales, and an estimated
EBITDA of CHF 80 million. The three businesses employ around 3,000 employees
(14% of total workforce) in 35 countries around the globe.

SK Capital is a private investment firm with a disciplined focus on the
specialty materials, chemicals and healthcare sectors, located in New York, NY
(USA) and Boca Raton, FL (USA). The company has a strong track record in
chemicals investing, in transitioning non-core divisions of larger
corporations to standalone entities and in acquiring global businesses.

Corporate MEDIA relations Investor Relations
Kai Rolker                Ulrich Steiner

Phone +41 61 469 63 63    Phone +41 61 469 6745
kai.rolker@clariant.com   ulrich.steiner@clariant.com

Divestment of Businesses

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Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Clariant Finance (Luxembourg) S.A. via Thomson Reuters ONE
HUG#1667302
 
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