• 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
    Purdue’s Xiulin Ruan Develops World’s Whitest and Coolest Paint

    Aerospace Coatings

    Biocides Directory

    Lab & Testing Equipment Directory

    Europe’s Top Paintmakers Pull Themselves Up Further
    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
    Sandrine Garnier Joins ChemQuest as a Director

    Greenbuild Announces 2023 Keynote Speaker

    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers

    Powder Technology, Inc. Announces New Electrical Coating

    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award
    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 Beautify Schools Worldwide with Colorful Makeovers

    Powder Technology, Inc. Announces New Electrical Coating

    Dunn-Edwards Announces 2024 Color + Design Trends to Watch

    PPG Launches Low-temperature Cure Electrocoats for Automotive Manufacturers

    Kapci Coatings Takes to the Ferrari Challenge Tracks
    Additives
    Binders
    Pigments
    Solvents

    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award

    American Chemistry Council Recognizes Covestro for Sustainability Leadership

    Evonik Introduces TEGO Rad 2550 Slip and Defoamer Additive

    Omya Extends Lightweight Fillers Portfolio with the Acquisition of Bublon

    OQ Chemicals Launches Biobased Oxbalance TCD Alcohol DM
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Arkema

    Siltech Corporation

    Active Minerals

    W. R. Grace & Co.

    Clariant Additives
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Middle East Coatings Show

    2023 CoatingsTech Conference

    Greenbuild International Conference + Expo

    The Gulf Coatings Show

    Western Coatings Symposium 2023
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Arkema

    Siltech Corporation

    Active Minerals

    W. R. Grace & Co.

    Clariant Additives
    • 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
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • 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
    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
    Revelli Chemicals Inc. Revelli Chemicals Inc.
    Heubach Group Heubach Group
    Clariant Additives Clariant Additives
    Metaflake Limited Metaflake Limited
    Pilot Chemical Company Pilot Chemical Company
    Miwon Specialty Chemicals Co. Ltd. Miwon Specialty Chemicals Co. Ltd.
    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

    Related Buyers Guide Companies

    • Revelli Chemicals Inc.

      ...
      John Revelli, vp 10.24.22

    • Heubach Group

      Heubach Group

      ...
      Zachary Hays, Regional Head of Marketing, Americas 10.14.22

    • Clariant Additives

      Clariant Additives

      ...
      Victoria Mitchell, Senior Strategic Communications Manager 09.29.22


    • Metaflake Limited

      ...
      Steven Kerr, Sales & Marketing Director 09.28.22

    • Pilot Chemical Company

      Pilot Chemical Company

      ...
      Kenny Potter, Marketing Manager 11.22.21

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Leads Global Paints Brands In Value: Brand Finance
    • PPG Opens $30-Million Battery Pack Application Center In China
    • Metropolitan New York Coatings Association Hosts Annual Meeting
    • PPG Launches Low-temperature Cure Electrocoats For Automotive Manufacturers
    • Beckers Conducts First LCA Of UV/EB Coil Coatings
    Breaking News
    • Sandrine Garnier Joins ChemQuest as a Director
    • Greenbuild Announces 2023 Keynote Speaker
    • PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    • Powder Technology, Inc. Announces New Electrical Coating
    • Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award
    View Breaking News >
    CURRENT ISSUE

    June 2023

      View More >

    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

    Blue Diamond, Brightseed Partner To Discover New Almond Bioactives
    GOED Publishes Report on EPA and DHA’s Impact on Brain Health
    Alkemist Labs Creates Validated Method for Plant and Fungi-Based Psychedelics
    Coatings World

    Latest Breaking News From Coatings World

    Sandrine Garnier Joins ChemQuest as a Director
    Greenbuild Announces 2023 Keynote Speaker
    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Teleflex’s Wattson temporary pacing guidewire FDA cleared
    PDC Partners with David Schnur Associates to Provide Manufacturing Solutions
    Olympus Releases Next-Gen ESG-410 Electrosurgical Generator
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Lotus Clinical Research, Trialogics Partner for Clinical Trial Software Services
    Qosina, Carolina Components Partner to Market Bioprocess Components
    Astellas, KateTx Enter Exclusive License Agreement to Develop KT430
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    TerraCycle and Wrinkles Schminkles Announces Recycling Program
    Boots CFO Michael Snape Resigns
    Beiersdorf Shares Progress of Its Sustainability Agenda
    Happi

    Latest Breaking News From Happi

    What Chemicals Are Flagged as Washington State Begins Cycle 2 of Safer Products Regulatory Effort
    Hair Growth Composition Patented by J&J
    Superzero's New Social Media Campaign with Song Candy Media Brings Humor to Hair Care
    Ink World

    Latest Breaking News From Ink World

    SICPA Inaugurates Its unlimitrust Campus
    Siegwerk’s Center of Excellence in France Receives Facelift
    Epson announces MakeTheSwitch Campaign
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Gallus to celebrate 100 years, opening new Gallus Experience Center
    Mark Andy holds successful Low Migration Workshop
    Ryback & Ryback Consulting launches Machinery division
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Terra Baby Diapers, Wipes Launch in U.S. and Canada
    The Honest Company to Exit Europe, Asia
    TechnoPlants to Exhibit at ITMA
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Osso VR Launches Virtual Reality Training Program
    Catalyst OrthoScience Names Mark Quick as CFO
    European Regulators Approve Amber Implants' VCFix Spinal System Study
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Sensormatic Unveils Sensormatic Synergy Media Display
    ams OSRAM Receives the German Innovation Award
    ASSA ABLOY Receives Clearance from Mexico for HHI Acquisition

    Copyright © 2023 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