Clariant completes the sale of its healthcare packaging business

Clariant is a focused and innovative specialty chemical company

Hariolf Kottmann, executive chairman of Clariant.
Copyright by Clariant
Hariolf Kottmann, executive chairman of Clariant.

Clariant announced the completion of the sale of its healthcare packaging business to a newly-formed investment of Arsenal Capital Partners, the signing of which was announced on 22 July 2019. The sale was closed on 31 October 2019.

“The divestment of the healthcare packaging business is the first step of our announced strategy to become a more focused and innovative specialty chemical company,” said Hariolf Kottmann, executive chairman of Clariant.

The total consideration of the sale amounts to approximately $312.24mn, which is equivalent to 13.2 times adjusted 2018 EBITDA.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

For all the latest refining and petrochemical news from the Middle East countries, follow us on Twitter and LinkedIn, like us on Facebook.

You may also like

Metso’s valve services involved in 250 major shutdowns globally in 2019
Services that include specialised maintenance planning, on-time start-up and effective execution will ensure the safety and availability of the plant until the next planned shutdown
Topsoe unveils TITAN steam reforming catalyst series with boosted reliability and efficiency
The TITAN series speeds up the rate of reaction ensuring lower operating costs, increased profit margins, and reduced energy consumption
Fluor wins EPC contract for world-scale adiponitrile plant
When complete, INVISTA’s new ADN plant will integrate with its existing HMD and polymer facilities

MOST POPULAR