Clariant holds majority share in Sued-Chemie
Having closed the deal it will make a public offer to acquire the outstanding shares
Specialty chemicals provider Clariant has completed the purchase of 96,15% of the shares in Süd-Chemie from One Equity Partners and the family shareholders.
Clariant will make a public offer to acquire the outstanding shares from Süd-Chemie minority shareholders. The overall transaction value amounts to approx.€1.9 bn (£1.68 bn).
‘This transaction is an important milestone in Clariant’s history. Following the successful completion of our restructuring in 2010, the acquisition of Süd-Chemie accelerates our strategy of profitable growth’, said Hariolf Kottmann, ceo of Clariant. ‘Together we will now start the integration process to successfully integrate Süd-Chemie into Clariant’, Kottmann added.
By acquiring leading positions in the fields of process catalysts and adsorbent agents, Clariant is expanding its portfolio with two fast-growing business-units. Headquartered in Germany, Süd-Chemie also has a strong r&d organisation focusing on market segments with significant growth potential.