TITLE

Clariant sells unit to ICIG

AUTHOR(S)
Bains, Elizabeth
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/14/2007, Vol. 2 Issue 66, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Clariant has sold its custom manufacturing business to International Chemical Investors Group (ICIG). The value of the deal is undisclosed. According to Clariant chief executive officer (CEO) Jan Secher, the deal will allow the company to focus on colors, surfaces and performance chemicals. Clariant expects to book a loss of around Swiss franc (Swfr) 70 million on the deal, which is scheduled to close in mid-2007.
ACCESSION #
25393695

 

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