Disposal
24 Noviembre 2008 - 10:46AM
UK Regulatory
Disposal
Clariant to sell Dick Peters B.V. to ALTANA
Muttenz, November 24, 2008 - Clariant announced today it plans to
sell Netherlands-based Dick Peters B.V. to the German specialty
chemicals group ALTANA. The transaction is worth Euro 17.5 million
and will complement the existing wax emulsion business of the ALTANA
subsidiary BYK-Cera.
Founded in 1956, Dick Peters employs 35 people and is headquartered
in Denekamp, Netherlands. The company had a turnover in excess of
Euro 24 million in 2007.
"We believe ALTANA will be an excellent owner for Dick Peters. There
is a strong strategic fit and the transaction provides ALTANA
additional production capacity to meet growing demand," said Head of
Clariant's Pigments and Additives Division Okke Koo.
"This is a good deal for employees at Dick Peters B.V, and for
Clariant and its shareholders," he added.
The transaction comprises a 100% share purchase agreement from
Clariant including all employees at Dick Peters B.V. The transaction
is subject to the approval of the antitrust authorities.
ENDS
Media Contacts
Arnd Wagner Phone +41 61 469 61 58
Email arnd.wagner@clariant.com
Nigel Thornton Phone + 41 61 469 67 43
Email nigel.thornton@clariant.com
Investor Relations Contacts
Ulrich Steiner Phone +41 61 469 67 45
Email ulrich.steiner@clariant.com
Clariant - Exactly your chemistry
Clariant is a global leader in the field of specialty chemicals.
Strong business relationships, commitment to outstanding service and
wide-ranging application know-how make Clariant a preferred partner
for its customers.
Clariant, which is represented on five continents with over 100 group
companies, employs around 20,000 people. Headquartered in Muttenz
near Basel, Switzerland, it generated sales of CHF 8.5 billion in
2007. Clariant's businesses are organized in four divisions: Textile,
Leather & Paper Chemicals, Pigments & Additives, Masterbatches and
Functional Chemicals.
Clariant is committed to sustainable growth springing from its own
innovative strength. Clariant's innovative products play a key role
in its customers' manufacturing and treatment processes or else add
value to their end products. The company's success is based on the
know-how of its people and their ability to identify new customer
needs at an early stage and to work together with customers to
develop innovative, efficient solutions.
www.clariant.com
Further information on Dick Peters
Dick Peters BV
Dick Peters BV was founded in 1956. The central activity at that time
was the textile industry in Holland and West-Germany. In 1973 Dick
Peters BV was taken over by Hoechst Holland NV After the merger
between Hoechst Specialty Chemicals with Clariant in 1997, Dick
Peters B.V. became a 100% subsidiary of Clariant.
Dick Peters BV has developed into a company that makes special
products for almost every industry. Over the last 10 years, the
average turnover increase exceeded 10% by far. Dick Peter's market is
worldwide, with 80% of our products sold abroad.
www.dickpeters.nl
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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