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Clariant announces global price increase

The increases will become effective October 6, 2021. The price increases are necessary to recover significant on-going cost increases for one of the key raw materials to manufacture Quinacridones (PR122 and PV19). ‘The unprecedented price surge of yellow phosphorous and consequently polyphosphoric acid in recent weeks caused by energy quotas in China, forces us to announce ....

Southeast Asia , Labels Amp Labeling , Abel And Package Printing Industry , L Amp ,

Clariant agrees to sell pigments business in $950 million deal

ZURICH (Reuters) -Clariant has agreed to sell its pigments business to Heubach Group and SK Capital Partners in a deal which values the business at up to 855 million Swiss francs ($951.27 million), the Swiss chemicals maker said on Monday. Clariant said it would reinvest to become a 20% shareholder in the new combined business, which employs 3,000 people and has annual sales of around 900 million euros ($1.09 billion). The deal represented an enterprise value of 805 to 855 million francs, depending on an earn-out payment based on the 2021 financial performance of the business which makes pigments and dyes used in the automotive, plastics and other industries. ....

Swiss Francs , Sk Capital Partners , Heubach Group ,

Clariant completes its divestment program by reaching agreement to divest its Pigments business

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR Definitive agreements signed by a consortium of Heubach Group and SK Capital Partners to acquire Clariant’s Pigments businessEnterprise Value of CHF 805 million to CHF 855 million, representing a 10.7x to 11.4x stand-alone adjusted EBITDA multiple per April 2021 (LTM) depending on an earn-out payment of CHF 50 millionClariant will be reinvesting for a 20% ownership stake in the combined business Closing anticipated in the first half of 2022 Muttenz, Jun ....

Heubach Group , Ask Capital , Sk Capital Partners , Johann Heubach , கே மூலதனம் ,