(Clariant) -- Clariant, a world leader in specialty chemicals, today announced that it has completed the purchase of 96.15% of the shares in Sud-Chemie from One Equity Partners and the family shareholders.
Clariant will make a public offer to acquire the outstanding shares from Sud-Chemie minority shareholders. The overall transaction value amounts to approx. EUR 1.9 billion (CHF 2.5 billion).
⌠This transaction is an important milestone in Clariant's history. Following the successful completion of our restructuring in 2010, the acquisition of Sud-Chemie accelerates our strategy of profitable growth, said Hariolf Kottmann, CEO of Clariant. ⌠Together we will now start the integration process to successfully integrate Sud-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. Sud-Chemie also has a strong research and development organization focusing on market segments with significant growth potential.