Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Masterbatch Business Changes Hands

Clariant to acquire Ciba's business for an undisclosed sum

by Patricia Short
October 5, 2006

Clariant is buying Ciba Specialty Chemicals' masterbatch business for an undisclosed sum. The acquisition is expected to be wrapped up by the end of this year.

The business, which has annual sales of about $65 million, will be integrated into Clariant's own masterbatch business, which had sales of roughly $910 million in 2005 and supplies additive concentrates to plastics makers.

The Ciba business operates in Malaysia, Saudi Arabia, and France. All 300 employees will transfer to Clariant.

For Ciba CEO Armin Meyer, the decision to divest the business is part of his firm's portfolio management process, which aims to further strengthen its focus on plastic additives, coating effects, and water and paper treatment.

On the other hand, the buy "fits perfectly into Clariant's strategy of expanding number-one market positions," says CEO Jan Secher.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.