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Regions :: India/Pakistan
Archroma Textiles to acquire Clariant Pakistan
5:20 AM MDT | August 19, 2013 | Natasha Alperowicz
Archroma Textiles SARL (Luxembourg), a special purpose vehicle company, has announced its intention to acquire Clariant Pakistan (Karachi), a listed company majority owned by Clariant. Barry Siadat, CEO of Archroma, is also co-founder and managing director of SK Capital Partners (New York), which is buying Clariant’s global textile chemicals, paper specialties and emulsions business. The global business being acquired from Clariant will be renamed Archroma. Archroma plans to buy Clariant’s 75% stake and raise its total holding to...
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