Clariant announced the intention to acquire the Ciba Specialty Chemicals' masterbatches business for an undisclosed price in order to further strengthen its globally leading position for color and additive concentrates for plastic products.
The transaction is subject to approval of the relevant authorities and is expected to be closed before the end of the year.
With production facilities in France, Saudi Arabia and Malaysia and around 300 employees Ciba Specialty Chemicals' masterbatches business generates annual sales of approximately CHF 80 million.
The acquisition will help Clariant's Masterbatches division to optimize its service capabilities to the European countries and to enhance its presence in the fast growing Middle Eastern and Asia Pacific markets.
“The acquisition of Ciba's masterbatches business perfectly fits into Clariant's strategy of expanding number one market positions and driving growth in service-driven businesses. It gives us the opportunity to leverage our technological expertise and to further provide innovative solutions”, said Chief Executive Officer Jan Secher.
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