By Pierre Bertrand

Clariant said late on Thursday that is has completed the sale of its Quats business to Global Amines Company, a 50-50 joint venture between the Swiss specialty-chemicals company and Singapore-based agricultural group Wilmar International.

The deal, dating back to Aug. 31 of last year, includes the sale of certain assets in Germany, Indonesia and Brazil, Clariant said.

Clariant said at the time that the sale price of the business, which makes quaternary ammonium compounds, which are chemicals used for a variety of purposes including as preservatives, surfactants and as antistatic agents, was set at $113 million.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

June 02, 2023 01:37 ET (05:37 GMT)

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