Clariant Sells Its Silicones Business | September 7, 2009 Issue - Vol. 87 Issue 36 | Chemical & Engineering News
Volume 87 Issue 36 | p. 29 | Concentrates
Issue Date: September 7, 2009

Clariant Sells Its Silicones Business

Department: Business
Keywords: Clariant, silicones

Clariant has sold its specialty silicones business to GenNx360 Capital Partners, a private equity firm focused on industrial businesses. GenNx360 has renamed the business SiVance. Based in Gainesville, Fla., SiVance was founded nearly 60 years ago by two University of Florida chemistry professors. With about 120 employees, it supplies intermediates such as functional silanes, siloxanes, and silazanes to a variety of industries. Clariant, which acquired the business with its 2000 acquisition of BTP, says SiVance’s focus on complex but small-quantity silicones is not in keeping with its business model.

 
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