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SK renames textiles unit

10:35 AM MDT | May 6, 2013

Clariant’s former textile chemicals, paper specialties, and emulsion businesses, which the company agreed to sell to private equity firm SK Capital Partners (New York) on 27 December, will be named Archroma after the close of the deal, the companies say. Archroma has annual revenues of 1.2 billion Swiss francs ($1.28 billion) and 3,000 employees and supplies the textiles, paper, adhesives, and coatings markets. Clariant and SK Capital expect the transaction to close at the end of the third quarter, following approvals from antitrust authorities. The separation...

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