Deals
Clariant Acquires Sued-Chemie for $1.9 Billion in Cash and Stock
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Clariant AG agreed to buy private equity-owned Sued-Chemie AG for 1.4 billion euros ($1.9 billion) in cash and stock to expand in chemical catalysts used in the oil and automotive industries.
The Swiss maker of plastic additives will acquire a 50.4 percent stake from One Equity Partners LLC, JPMorgan Chase & Co.’s buyout arm, and has agreed to buy shares from family investors to take its stake to “slightly above” 95 percent, Clariant said in a statement today. One Equity will get 121 euros a share, compared with yesterday’s close of 126 euros.