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

Textile World Photo Galleries
May/June 2015 May/June 2015

View Issue  |

Subscribe Now  |

Events

Techtextil North America 2015
06/02/2015 - 06/04/2015

JEC Americas Composites Show & Conferences
06/02/2015 - 06/04/2015

The GarTex Show - The International Machinery Sourcing Exhibition for Garments, Textile and Allied Industry of Bangladesh
06/11/2015 - 06/13/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Dyeing Printing & Finishing

Clariant Divests Textile Chemicals, Other Businesses

Specialty chemicals manufacturer Clariant International Ltd., Switzerland, has agreed to sell its Textile Chemicals, Paper Specialties and Emulsions businesses for approximately $545 million to SK Capital Partners, New York City.

In 2012, the businesses generated revenues totaling some $1.3 billion — 15 percent of Clariant's total group sales — and employed some 3,000 people in 35 countries.

Clariant is selling the businesses as part of a portfolio repositioning and also is in the process of divesting its Leather Services and Line Detergents & Intermediates business units.

"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," said Barry Siadat, managing director, SK Capital. "Our goal for the businesses is to continue to innovate, deliver the highest quality products and delight our customers globally."

The sale is expected to be completed by the end of the second quarter of 2013.

January/February 2013

Advertisement