Clariant to acquire masterbatch business from Ciba

05-Oct-06

In a bid to further fortify its position as global leader for color and additive concentrates for plastic products, Clariant plans to acquire masterbatches business of Ciba Specialty Chemicals. The acquisition will help Clariant's Masterbatches division to optimize its service capabilities to the European countries and to enhance its presence in the fast growing Middle Eastern and Asia Pacific markets. The transaction, expected to be concluded before the end of the year, is subject to approval of the relevant authorities. Ciba's masterbatches business has production facilities in France, Saudi Arabia and Malaysia and generates annual sales of approximately CHF 80 million.