4th Oct 2006 07:00
Clariant04 October 2006 www.clariant.com October 4, 2006 Clariant International Ltd Clariant to acquire Masterbatches business from Ciba Specialty Chemicals MUTTENZ, Switzerland - October 4, 2006 - Clariant today announced the intentionto acquire the Ciba Specialty Chemicals' masterbatches business for anundisclosed price in order to further strengthen its globally leading positionfor color and additive concentrates for plastic products. The transaction issubject to approval of the relevant authorities and is expected to be closedbefore 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 in service-driven businesses. It gives us the opportunity to leverage our technologicalexpertise and to further provide innovative solutions", said Chief ExecutiveOfficer Jan Secher. Clariant International Ltd Calendar 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 Contacts Media Relations Fax +41 61 469 69 99Walter Vaterlaus Phone +41 61 469 61 58Rainer Weihofen Phone +41 61 469 67 42 Investor Relations Phone +41 61 469 67 48 Fax +41 61 469 67 67Holger Schimanke Phone +41 61 469 67 45Fabian Hildbrand Phone +41 61 469 67 49 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 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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