Clariant closes sale of Detergents and Intermediates business
Clariant, a world leader in specialty chemicals, announced on January 7, 2014 the closing of the sale of its Detergent and Intermediates business to ICIGI International Chemical Investors Group
The total consideration of the sale amounts to CHF 58 million, out of which CHF 20 million in cash became due at closing. Worldwide 660 employees were transferred from Clariant to the new ICIG business, which from now on will operate under the WeylChem brand umbrella.
The disposal of the Detergent and Intermediate business was announced on October 15, 2013 and followed the already divested Business Units Textile Chemicals, Paper Specialties and the Business Line Emulsions on September 30, 2013. The divestment of the Business Unit Leather Services to Stahl Holdings B.V. is expected to close over the next few months.