Canadian Finishing and Coatings Manufacturing

January 12th, 2022

CFCM Clariant Logo 2022 400Clariant completed the sale of its Pigments business to a consortium of Heubach Group (“Heubach”) and SK Capital Partners (“SK Capital”). As announced upon signing the transaction, the base enterprise value of the sale amounts to CHF 805 million, subjects to closing accounts adjustments and before a potential earn-out payment of CHF 50 million, which is subject to the business’ 2021 financial performance.

Clariant rolled over approximately CHF 115 million to retain a 20% stake in the new holding company, alongside Heubach and SK Capital. This combined business is a global pigments player with approximately 3,000 employees generating approximately EUR 1 billion in annual sales with solid service and production capabilities across the globe. This roll-over allows Clariant to further benefit from the improving profitability of the Pigments business, participate in future growth opportunities and realize synergies via the combination with Heubach’s Pigments business.

Clariant’s net cash inflow after roll-over and initial debt adjustments, but before closing account adjustments, tax, transaction cost, and a potential earn-out payment amounts to approximately CHF 615 million. Clariant intends to use the divestment proceeds to invest in growth projects within the core Business Areas, execute the strategy along with sustainability and innovation, fund the performance improvement programs, and strengthen Clariant’s balance sheet to reach and defend a solid investment rating.

“The Pigments divestment concludes Clariant’s transformation into a high-value specialty chemical company, allows us to invest in profitable growth in our most attractive segments and to address the increasing demand for more sustainable products,” said Conrad Keijzer, Chief Executive Officer of Clariant. “We are convinced that the Heubach and SK Capital consortium is the best owner of the Pigment activities, and I wish our former colleagues all the best in their new environment. Clariant looks forward to participating in the group’s further development as a shareholder.”

Source

Feature Video: ROSS Launches Multi-Shaft Mixers

CFCM Ross Multi Shaft Mixer Video 400ROSS has launched a new video featuring the company's line of robust and versatile Multi-Shaft Mixers.

ROSS Multi-Shaft Mixers are available in laboratory, pilot-scale, and full production capacities. They provide a flexible range of shear levels to accommodate varying product viscosities and formulations. The design consists of two or more independently driven agitators working in tandem to ensure fine solids dispersion, efficient turnover and uniform heating/cooling.

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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