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    Home > Chemicals Industry > Rubber Plastic News > Clariant agrees to sell its masterbatch business for $1.6 billion

    Clariant agrees to sell its masterbatch business for $1.6 billion

    • Last Update: 2022-08-21
    • Source: Internet
    • Author: User
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    Clariant sells all masterbatchbusiness to PolyOne

    Clariant sells all color masterbatch business to PolyOne ( Clariant sells all color masterbatch business to PolyOne ( Clariantsells all color masterbatch business to PolyOne PolyOne ) )

    The total enterprise value is approximately $ 1.
    6
    billion

    The total enterprise value is approximately $ 1.
    6
    billion
    The total enterprise value is approximately $ 1.
    6
    billion
    The total enterprise value is approximately$100 million

    Clariant's board of directors recommendsa special dividend of CHF 3.
    00 per share
    , subject to approval by the annual general meeting and closing of the transaction

    Clariant's Board of Directors recommends 3 per share Clariant's Board of Directors recommends 3per share Clariant 's Board of Directors recommends a special dividend of .
    AGM approves and closes transaction Special dividend in Swiss francs, subject to AGM approval and closing

    Shanghai, China/Moutenz, Switzerland, December 19, 2019 - Clariant, a dedicated and innovative specialty chemical company, has agreed to sell its entire color masterbatch business to PolyOne


    .


    "Clariant is on a path to focus on above-market growth, higher profitability and stronger cash generation


    .


    As previously communicated, Clariant intends that proceeds from the divestment of non-core businesses will be used to invest in innovation and technology applications in core business areas to strengthen Clariant's balance sheet and return capital to shareholders


    .


    Based on the divestiture of the Color Masterbatches business and the expected divestiture of the Pigments business at the end of 2020, Clariant's Board of Directors will recommend a special dividend of CHF 3.
    00 per share at Clariant's Annual General Meeting on March 30, 2020


    .


    The deal with PolyOne consists of two separate parts


    .


    Separately, the board of Clariant Chemicals (India) Ltd.
    approved the sale of Clariant’s color masterbatch business in India, valued at INR 4.
    26 billion, or approximately $60 million, approximately the last twelve months of earnings (as of September 2019).
    ) at 17.
    3 times EBITDA


    .


    Clariant Masterbatches provides color and additive concentrates as well as plastic performance solutions


    .


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