Clariant completes sale of Quats business
01 Junio 2023 - 1:00PM
Clariant completes sale of Quats business
MUTTENZ, JUNE 1, 2023Clariant,
a sustainability-focused specialty chemical company, today
announced it has completed the divestment of its global Quats
business to Global Amines Company Pte. Ltd., a 50/50 joint venture
owned by Clariant and Wilmar, Asia’s leading agricultural business
and oleochemicals business globally. The transaction was signed on
August 31st, 2022, and the sale of the business includes certain
assets in Germany, Indonesia, and Brazil.Quats are quaternary
ammonium compounds, a group of chemicals used for a variety of
purposes including as preservatives, surfactants, and as antistatic
agents. Quats are used in a wide range of commercial, industrial,
and consumer products. The business maintains an excellent
reputation as a leading supplier of quats with proprietary
technology and a good service reputation. Clariant has
transformed its portfolio in recent years in line with its
purpose-led strategy. This divestment serves the continuous
optimization of Clariant's true specialty chemical
portfolio.
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CORPORATE MEDIA RELATIONSJochen
DubielPhone +41 61 469 63 63jochen.dubiel@clariant.com
Anne MaierPhone +41 61 469 63
63anne.maier@clariant.com Ellese
CaruanaPhone +41 61 469 63
63ellese.caruana@clariant.com |
INVESTOR RELATIONSAndreas
Schwarzwälder Phone +41 61 469 63
73andreas.schwarzwaelder@clariant.com Maria
IvekPhone +41 61 469 63 73maria.ivek@clariant.com
Thijs BouwensPhone +41 61 469 63
73thijs.bouwens@clariant.com |
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media release contains certain statements that are neither reported
financial results nor other historical information. This document
also includes forward-looking statements. Because these
forward-looking statements are subject to risks and uncertainties,
actual future results may differ materially from those expressed in
or implied by the statements. Many of these risks and uncertainties
relate to factors that are beyond Clariant’s ability to control or
estimate precisely, such as future market conditions, currency
fluctuations, the behavior of other market participants, the
actions of governmental regulators and other risk factors such as:
the timing and strength of new product offerings; pricing
strategies of competitors; the Company’s ability to continue to
receive adequate products from its vendors on acceptable terms, or
at all, and to continue to obtain sufficient financing to meet its
liquidity needs; and changes in the political, social and
regulatory framework in which the Company operates or in economic
or technological trends or conditions, including currency
fluctuations, inflation and consumer confidence, on a global,
regional or national basis. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this document. Clariant does not undertake
any obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date of these materials. www.clariant.com
Clariant is a focused specialty chemical company led by the
overarching purpose of ‘Greater chemistry – between people and
planet’. By connecting customer focus, innovation, and people the
company creates solutions to foster sustainability in different
industries. On 31 December 2022, Clariant totaled a staff number of
11 148 and recorded sales of CHF 5.198 billion in the fiscal year
for its continuing businesses. As of January 2023, the Group
conducts its business through the three newly formed Business Units
Care Chemicals, Catalysts, and Adsorbents & Additives. Clariant
is based in Switzerland. |
- Clariant Media Release Quats Divestment Completed EN
20230601
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