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SK Capital to acquire Clariant’s textile chemicals, paper specialties, and emulsions businesses for $550 million
7:09 AM MST | December 27, 2012 | Deepti Ramesh
Clariant says it has signed an agreement to divest its textile chemicals, paper specialties, and emulsions businesses to private investment firm SK Capital, for 502 million Swiss francs ($550 million). About SF460 million of the payment will be in cash and will be equivalent to 6.3 times the estimated full-year 2012 recurring Ebitda of those businesses, Clariant says. The divestment has been approved by the boards of both companies and the transaction is expected to close by the end of the second quarter of 2013. Clariant announced earlier this year that it...
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