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Clariant Sells Emulsion Emulsion Powders Businesses

Switzerland-based Clariant International Ltd. is to sell its Europe-based emulsions business and global emulsion powders business with the exception of Japan to Celanese AG, also based in Switzerland. The sale, subject to regulatory approval, is expected to close before the end of the year for a price of CHF 213.5 million.The European business comprises plants in Germany, Sweden, Spain and Slovenia, operating with 700 employees and generating approximately CHF 450 million in sales per year.Clariant also is in the process of selling its two-thirds share in Resiquca-Resinas Qucas Lda., Portugal, to its partner in the coatings and adhesives venture, Socer S.A., Portugal.In the future, Clariant plans to focus on its fine and specialty chemicals businesses.

November 2002