Web Date: June 26, 2012
Clariant To Sell Three Businesses
The Swiss specialty chemicals company Clariant plans to sell its emulsions, detergents, and intermediates business, as well as its paper specialties and textile chemicals businesses before 2014. The three businesses have combined annual sales of $1.5 billion to $1.6 billion. They represent 19 to 20% of Clariant’s sales but less than 10% of its earnings before interest, taxes, depreciation, and amortization (EBITDA).
Sale of the businesses would contribute to Clariant’s goal of increasing . . .
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