4th Oct 2006 07:00
Clariant to Acquire Masterbatches Business from Ciba Specialty Chemicals Clariant today announced the intention to acquire the Ciba Specialty Chemicals'masterbatches business for an undisclosed price in order to further strengthenits globally leading position for color and additive concentrates for plasticproducts. The transaction is subject to approval of the relevant authorities andis expected to be closed before the end of the year. With production facilities in France, Saudi Arabia and Malaysia and around 300employees Ciba Specialty Chemicals' masterbatches business generates annualsales of approximately CHF 80 million. The acquisition will help Clariant'sMasterbatches division to optimize its service capabilities to the Europeancountries and to enhance its presence in the fast growing Middle Eastern andAsia Pacific markets. "The acquisition of Ciba's masterbatches business perfectly fits into Clariant'sstrategy of expanding number one market positions and driving growth inservice-driven businesses. It gives us the opportunity to leverage ourtechnological expertise and to further provide innovative solutions," said ChiefExecutive Officer Jan Secher. \* TCalendar of Corporate Events November 7, 2006 Nine Month 2006 ResultsFebruary 20, 2007 Full Year 2006 Results; Annual Media ConferenceApril 2, 2007 Annual General MeetingMay 8, 2007 First Quarter 2007 ResultsAugust 2, 2007 First Half 2007 ResultsNovember 7, 2007 Nine Month 2007 Results\* T Clariant - Exactly your chemistry. Clariant is a global leader in the field of specialty chemicals. Strong businessrelationships, commitment to outstanding service and wide-ranging applicationknow-how make Clariant a preferred partner for its customers. Clariant, which is represented on five continents with over 100 group companies,employs around 22,500 people. Headquartered in Muttenz near Basel, Switzerland,it generated sales of around CHF 8.2 billion in 2005. Clariant's businesses are organized in five divisions: Textile, Leather & PaperChemicals, Pigments & Additives, Functional Chemicals, Life Science Chemicalsand Masterbatches. Clariant is committed to sustainable growth springing from its own innovativestrength. Clariant's innovative products play a key role in its customers'manufacturing and treatment processes or else add value to their end products.The company's success is based on the know-how of its people and their abilityto identify new customer needs at an early stage and to work together withcustomers to develop innovative, efficient solutions. www.clariant.com \* T CONTACT: Media Relations: Fax: +41 61 469 69 99 or Walter Vaterlaus, +41 61 469 61 58 or Rainer Weihofen, +41 61 469 67 42 or Investor Relations: +41 61 469 67 48 Fax: +41 61 469 67 67 or Holger Schimanke, +41 61 469 67 45 or Fabian Hildbrand, +41 61 469 67 49\* T Copyright Business Wire 2006Related Shares:
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