Canadian Finishing and Coatings Manufacturing

June 15, 2021

ClariantClariant 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 (Swiss Francs).

At the time of closing of the transaction, Clariant will reinvest to become a 20 percent 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.

“We are pleased to announce the agreement with Heubach and SK Capital for the sale of our Pigments business,” says Conrad Keijzer, CEO, Clariant. “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.”

Johann Heubach, CEO of the Heubach Group, says, “We have been in pigments for more than 200 years. My late father and I set out to drive consolidation in the pigments industry, and the combination of Heubach and Clariant Pigments is a major milestone in this vision. The fit between Heubach and Clariant Pigments is perfect. The combination of industry leading technologies, a product portfolio serving a wide range of customer requirements and global production and service footprint will give the newly formed Heubach Group the ability to serve our global customer base in the coatings, plastics, inks and specialty applications fields with industry leading products and services.”

Aaron Davenport, a Managing Director of SK Capital, says, “Clariant Pigments is a premier global colorant solutions provider, and, together with our new partners, the Heubach Group and Clariant, we see a tremendous opportunity to create significant value for all stakeholders.”

Clariant’s Pigments business is a global provider of 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.

www.clariant.com

Feature Video: ROSS Launches Multi-Shaft Mixers

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The video highlights the adaptability of Ross Dual-Shaft Mixers and Triple-Shaft Mixers, the variety of processing capabilities, and diversity of industries served.

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