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ICIG to acquire Clariant’s detergents and intermediates business

12:51 AM MDT | October 15, 2013 | Deepti Ramesh

Clariant says that it has signed an agreement to divest its detergents and intermediates business to International Chemical Investors Group (ICIG), a privately owned industrial holding company, for a total of 58 million Swiss francs ($63.7 million), of which SF20 million will be paid in cash at closing. The transaction is subject to regulatory approvals, Clariant says. Clariant announced last year that it would sell these businesses, as well as the company’s textile chemicals, paper specialties, and emulsions businesses, by the end of 2013, in order to...

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