MOSCOW (MRC) -- Swiss specialty chemicals maker Clariant AG said it has signed an agreement with Kilfrost Group Plc, a UK-based distributor of de-icing and anti-icing products to the civil aviation and transportation industries, to acquire Kilfrost's aircraft de-icing business in Europe, said the company in its press release.
The transaction is subject to regulatory approvals and conditional upon merger clearance.
Kilfrost supplies de-icing and anti-icing solutions.
As MRC informed earlier, Clariant announced its latest double digit million investment at the groundbreaking ceremony held on November 5, 2015 at the Java Integrated Industrial & Port Estate (JIIPE) in Gresik, Surabaya, where construction has officially commenced to develop the first phase of a multi-purpose facility that would allow Clariant to establish its presence even further in Indonesia and Asia.
Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2014 the company employed a total workforce of 17 003. In the financial year 2014, Clariant recorded sales of CHF 6.116 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: increase profitability, reposition portfolio, add value with sustainability, foster innovation and R&D, and intensify growth.