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ICIG buys Clariant detergents, intermediates unit

10:06 AM MDT | October 25, 2013

Clariant has agreed to divest its detergents and intermediates business to International Chemical Investors Group (ICIG), a privately owned industrial holding company, for 58 million Swiss francs ($65 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, to reposition the company’s portfolio. Recently...

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