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Clariant completes sale of masterbatch business to PolyOne for approximately US$1.6 billion

 Last Update: 2022-08-23
 Source: Internet
 Author: User

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Divestiture marks a major milestone for Clariant to become a focused specialty chemical company

· Transaction qualifies for a special dividend of CHF 3.
00 per share

· Residual earnings will be used to invest in core business and strengthen balance sheet

Shanghai, China/Moutenz, Switzerland, July 1, 2020 – Clariant, a focused, sustainable and innovative specialty chemical company, today completed the sale of its entire masterbatch business to PolyOne

Hariolf Kottmann, Clariant Transition Executive Chairman, said: "With the completion of this transaction, Clariant has taken another important step towards becoming a pure-play specialty chemical company

Following the completion of the divestiture of the Color Masterbatches business and the expected divestiture of the Pigments business, Clariant will pay shareholders a special dividend of CHF 3.
00 per share as soon as practicable

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