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Clariant Enters a New Phase

11:18 AM MDT | May 31, 2011 | —ian young

Acquisition of Süd-Chemie Signals the End of Restructuring Clariant’s €1.9-billion ($2.7 billion) acquisition of Süd-Chemie, which is due to close on June 14, marks the start of a major growth phase for Clariant following two years of heavy restructuring. The company announced the last of its cost-cutting measures, under a program resulting in 20 site or plant closures, in 2010—a year that Clariant CEO Hariolf Kottmann described recently as “a milestone” in the company’s history. Jany: More profitable and less...

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