Clariant AG : Clariant closes sale of Textile Chemicals, Paper Specialties and Emulsions businesses

GlobeNewswire Europe

Muttenz, October 01, 2013 - Clariant, a world leader in specialty chemicals, today announced the closing of the sale of its Textile Chemicals, Paper Specialties and Emulsions businesses to SK Capital. Starting 1 October 2013, the three former Clariant businesses are now operating under the name Archroma. After some adjustments for working capital and for the lower operational performance of some parts of the businesses, the total purchase price consideration of the transaction will amount to approximately CHF 425 million, mainly consisting of a cash inflow of CHF 355 million and the transfer of pensions and other liabilities. Worldwide, 2`900 employees will transfer to Archroma.

"The successful closing of the transaction is the next step in repositioning Clariant`s portfolio towards higher growth, higher profitability businesses", said CEO Hariolf Kottmann. "Today, I would like to express my appreciation and thanks to all employees of the three businesses for their work. We wish them all the best and success in the new company."

CORPORATE MEDIA RELATIONS INVESTOR RELATIONS
Kai Rolker

Phone +41 61 469 63 63
kai.rolker@clariant.com
Ulrich Steiner

Phone +41 61 469 67 45
ulrich.steiner@clariant.com
Stefanie Nehlsen

Phone +41 61 469 63 63
stefanie.nehlsen@clariant.com
Siegfried Schwirzer

Phone +41 61 469 67 49
siegfried.schwirzer@clariant.com
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Source: Clariant AG via Thomson Reuters ONE

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