Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
January/February 2015 January/February 2015

View Issue  |

Subscribe Now  |


OUTLOOK™ Plus Latin America 2015
03/03/2015 - 03/05/2015
01/07/2014 - 01/07/2014

Cairo Fashion - 55th International Fashion, Apparel & Textile Exhibition
03/05/2015 - 03/08/2015

Intermediate Nonwovens Training
03/09/2015 - 03/12/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Ciba Sells Performance Polymers Division

The sale of Ciba Specialty Chemicals’ Performance Polymers Division to a new company established by Morgan Grenfell Private Equity Limited (MGPE), the private equity arm of the Deutsche Asset Management, was completed.

The new company’s business presence in Asia was reduced by the separate sale of shares in joint ventures in Asia to the respective joint venture partners. Total gross proceeds from the sale of the division to MGPE and Asian joint venture partners amount to CHF 1.6 billion.

“With the divestment of the Performance Polymers Division, we exit specialty materials and focus purely on specialty chemicals,” said Rolf A. Meyer, chairman and CEO of Ciba Specialty Chemicals, Switzerland. “This…allows the company to further strengthen the development of innovative, high-value effects for our specialty chemicals customers.”

July 2000