• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    High Performance and Special Effect Pigments Update

    Industrial Coatings Market Sees Strong Recovery

    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    The Southern Society for Coatings Technology's 84th Annual Technical Conference A Success

    PPG to Showcase Specialty Automotive, Aerospace Adhesives, Sealants at Adhesives & Bonding Expo

    PPG’s New Paint for a New Start Initiative to Transform 25-plus Schools Worldwide

    IMCD to Acquire Welex

    IGM Receives Gold Medal from EcoVadis
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG’s New Paint for a New Start Initiative to Transform 25-plus Schools Worldwide

    AkzoNobel Adds New Capacity for Water-Based Texture Paints in China

    Sherwin-Williams to Acquire German Industrial Coatings Company, Gross & Perthun GmbH

    PPG Introduces PPG DIGIMATCH Camera and PPG VisualizID Software

    Hempel Launches Hempafire XTR 100 for Hydrocarbon Passive Fire Protection
    Additives
    Binders
    Pigments
    Solvents

    IGM Receives Gold Medal from EcoVadis

    Orion Announces Price Increase, Reduced Payment Terms

    INEOS to Build Acetic Acid Plant and Associated Derivatives on US Gulf Coast

    Clariant Produces First Commercial sunliquid Cellulosic Ethanol at New Plant in Podari, Romania

    Perstorp Increases Production of Pro-Environment Polyols
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    W. R. Grace & Co.

    Pilot Chemical Company

    Siltech Corporation

    Clariant Additives

    Active Minerals
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Latin American Coatings Show 2022

    Metropolitan New York Coatings Association (MNYCA) Annual Golf Outing

    Asia Pacific Coatings Show 2022

    2022 Pacific Coatings Show

    64th Polyurethanes Technical Conference
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    W. R. Grace & Co.

    Pilot Chemical Company

    Siltech Corporation

    Clariant Additives

    Active Minerals
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • India/Asia Pacific Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business

    Definitive agreements signed by a consortium of Heubach Group and SK Capital Partners to acquire Clariant’s Pigments business.

    Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business
    Related CONTENT
    • Pilot Chemical Company
    • Clariant, BU Pigments
    • Miwon Specialty Chemicals Co. Ltd.
    • Revelli Chemicals Inc.
    • Metaflake Limited
    06.15.21
    Clariant has reached definitive agreements for the divestment of its Pigments business to a consortium of Heubach Group and SK Capital Partners  at an Enterprise Value  of CHF 805 million to CHF 855 million on a cash and debt free basis, depending on an earn-out payment of CHF 50 million contingent on the 2021 financial performance of Clariant’s Pigments business. This represents a multiple of 10.7 to 11.4 times the stand-alone adjusted 12-month EBITDA per April 2021.

    At the time of closing of the transaction, Clariant will reinvest to become a 20% shareholder alongside Heubach and SK Capital in the ultimate holding company. The combined business will be a global pigments player with approximately 3 000 employees generating more than EUR 900 million in annual sales and strong service and production capabilities across the globe. The reinvestment enables Clariant to further benefit from the improving profitability of the Pigments business resulting from the initiated efficiency program and to participate in the future growth opportunities as well as synergies of the combination with the Heubach Pigments business.

    The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first half of 2022. The share of the participation in Infraserv Höchst, Germany, attributable to Clariant’s Pigments business is not part of this transaction.

    “We are pleased to announce the agreement with Heubach and SK Capital for the sale of our Pigments business. This achievement represents a final step in the divestment program and portfolio repositioning announced in July 2018. We are confident that with Heubach and SK Capital, we have found the right owners of this business, for our customers, our colleagues, and our other stakeholders. Now our focus can fully be on growing revenue and profitability of our core Business Areas: Care Chemicals, Catalysis and Natural Resources”, said Conrad Keijzer, CEO of Clariant.


    Once completed, Clariant will have finalized its intended divestments as part of its portfolio upgrade, having previously divested the Healthcare Packaging and Masterbatches businesses. The Pigments divestment concludes Clariant’s transformation into a high value specialty chemical company with above-market growth, higher profitability, and stronger cash generation. The proceeds of the Pigments divestment will be used to invest into growth projects within the core Business Areas, execute the strategy along sustainability and innovation, fund the performance improvement programs as well as strengthen Clariant’s balance sheet and fund the reinvestment into the Clariant-Heubach combined Pigments business.

    Clariant’s Pigments business is a leading global provider of superior quality organic pigments, pigment preparations and dyes which are used in many applications such as the automotive industry, for industrial and architectural coatings as well as for the plastics industry. In 2020, the unit’s 1,900 employees generated approx. CHF 850 million in sales on a stand-alone adjusted basis.
    Related Searches
    • Pigments
    Related Knowledge Center
    • Pigments
    Suggested For You
    Pilot Chemical Company Pilot Chemical Company
    Clariant, BU Pigments Clariant, BU Pigments
    Miwon Specialty Chemicals Co. Ltd. Miwon Specialty Chemicals Co. Ltd.
    Revelli Chemicals Inc. Revelli Chemicals Inc.
    Metaflake Limited Metaflake Limited
    Clariant Appoints Tatiana Berardinelli Chief Human Resources Officer, Head of Group HR Clariant Appoints Tatiana Berardinelli Chief Human Resources Officer, Head of Group HR
    Clariant’s New Center Supports North America’s Paints and Coatings Industry Clariant’s New Center Supports North America’s Paints and Coatings Industry
    Clariant Announces Additive Price Increases Clariant Announces Additive Price Increases
    Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business
    Evonik, Biesterfeld & CheMondis Form Collaboration in Digital Sales, Marketing for Coating Additives Evonik, Biesterfeld & CheMondis Form Collaboration in Digital Sales, Marketing for Coating Additives
    European Coatings Show 2021 is Cancelled European Coatings Show 2021 is Cancelled
    Arkema Opens Center of Excellence for Photocuring Technology Arkema Opens Center of Excellence for Photocuring Technology
    AkzoNobel, TNW Partnership Gives Paint the Future Tech Appeal AkzoNobel, TNW Partnership Gives Paint the Future Tech Appeal
    PPG Products Protect United Launch Alliance ATLAS V 541 Rocket PPG Products Protect United Launch Alliance ATLAS V 541 Rocket
    Fact.MR: Intumescent Coating Market to Reach $1 Billion by 2031 Fact.MR: Intumescent Coating Market to Reach $1 Billion by 2031

    Related Content

    • Pilot Chemical Company

      Pilot Chemical Company

      ...
      Kenny Potter, Marketing Manager 11.22.21

    • Clariant, BU Pigments

      Clariant, BU Pigments

      ...
      Zachary Hays, Regional Head of Marketing, Americas 10.29.21

    • Miwon Specialty Chemicals Co. Ltd.

      ...
      Robert O'Toole, VP/Dir 10.29.21


    • Revelli Chemicals Inc.

      ...
      John Revelli, vp 10.28.21

    • Metaflake Limited

      ...
      Steven Kerr, Sales & Marketing Director 10.08.21

      Trending
      • Sherwin-Williams To Acquire German Industrial Coatings Company, Gross & Perthun GmbH
      • AkzoNobel Adds New Capacity For Water-Based Texture Paints In China
      • PPG To Showcase Specialty Automotive, Aerospace Adhesives, Sealants At Adhesives & Bonding Expo
      • Hempel Launches Hempafire XTR 100 For Hydrocarbon Passive Fire Protection
      Breaking News
      • The Southern Society for Coatings Technology's 84th Annual Technical Conference A Success
      • PPG to Showcase Specialty Automotive, Aerospace Adhesives, Sealants at Adhesives & Bonding Expo
      • PPG’s New Paint for a New Start Initiative to Transform 25-plus Schools Worldwide
      • IMCD to Acquire Welex
      • IGM Receives Gold Medal from EcoVadis
      View Breaking News >
      CURRENT ISSUE

      June 2022

      • High Performance and Special Effect Pigments Update
      • Industrial Coatings Market Sees Strong Recovery

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Florida Food Products Acquires Javo
      Roquette Launches Nutralys Rice Protein
      New IADSA Chair Lauds Explorations of Supplementation in Healthcare Policy
      Coatings World

      Latest Breaking News From Coatings World

      The Southern Society for Coatings Technology's 84th Annual Technical Conference A Success
      PPG to Showcase Specialty Automotive, Aerospace Adhesives, Sealants at Adhesives & Bonding Expo
      PPG’s New Paint for a New Start Initiative to Transform 25-plus Schools Worldwide
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      MPO's Most Read Stories This Week—June 25
      Magnetic Insight Announces $17 Million in Series B Funding
      BreatheSuite Adds Brad Fluegel to its Board
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Pierre Fabre and Lonza Enter Manufacturing Agreement
      MasterControl and Elemental Machines Form Biomanufacturing Partnership
      Qosina Strengthens Aseptic Capabilities
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Benefit Exec Joins Madison Reed's Board
      Peroni & Ellis Brooklyn Launch Fragrance Collection Inspired by Italian Spritz Cocktails
      Rhode Is Trending for June, Trendalytics Says
      Happi

      Latest Breaking News From Happi

      Spate’s Nose for the Latest Beauty Trends Says The Skunk Stripe, Collagen Serum and Waterproof Eyeshadow are Top of Mind for Consumers this Summer
      A Suitor Emerges for Revlon, SK Capital’s New Dealmaker & P&G’s Indoor Air Quality Efforts
      Wonder Curl Wins GlossWire's GlossPitch Competition
      Ink World

      Latest Breaking News From Ink World

      Weekly Recap: INX’s VC Fund, Screen Industry and Ball Top This Week’s News
      British Coatings Federation Posts Online History
      Orion Announces Price Increases, Reduced Payment Terms
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      PCMC teams with IGT, Fujifilm makes big announcement and more
      Loftware recognized as 'AIDC Company of the Year'
      Schreiner MediPharm highlights sustainability of Needle-Trap technology
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Weekly Recap: SWM and Neenah Introduce Mativ Inc., Avgol honored for Biotransformation Technology & More
      Tranzonic Names VP of Supply Chain
      Ontex Climate Action Targets Approved by Science-Based Targets Initiative
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      ODT's Most-Read Stories This Week—June 25
      3Spine Inc. Receives IDE Approval for U.S. Pivotal Clinical Trial
      Volume-Based Procurement to Reduce Chinese Orthopedic Market Value
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Weekly Recap: eMagin, Applied Materials, and Schott Top This Week’s Stories
      NREL Names Jennifer Logan to Leadership Team as CFO
      National Grid Renewables Orders 2 GW of First Solar Modules

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login