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SK Capital to acquire three businesses from Clariant
9:28 AM MST | January 11, 2013 | —Deepti Ramesh and Vincent Valk
Siadat: To build on the strong technology base. Clariant has signed an agreement to sell its textile chemicals, paper specialties, and emulsions businesses to private investment firm SK Capital for 502 million Swiss francs ($547 million), equivalent to 6.3 times the estimated full-year 2012 recurring Ebitda of the businesses. About SF460 million of the payment will be in cash, Clariant says. The divestment has been approved by the board of each company, and the transaction is expected to close by the end of the second quarter of 2013. Clariant announced plans...
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