Swiss Clariant closed the sale of its Leather Service business

Swiss Clariant closed the sale of its Leather Service business

Swiss Clariant, a world leader in specialty chemicals reports the closing of the sale of its Leather Services business to Stahl Holdings B.V. as of April 30, 2014

Stahl, majority owned by Wendel Group, is a Dutch company providing high quality chemicals, dyes and coatings for leather and other applications. The combination of both businesses has created a global leader in leather chemicals, and with a higher growth profile than the standalone entities, and with significant synergy potential.

As previously announced, Clariant has received a cash consideration and a 23 % stake in Stahl for the sale of its leather Services business. The minority shareholding will allow Clariant to participate in the upside potential of the enlarged Stahl. Wendel remains the major shareholder of Stahl with around 70 % of Stahl’s capital.

The transaction marks the last major step in the repositioning of Clariant’s portfolio.

www.clariant.com


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