Positive Strategic Update for Clariant Assuming Sabic Deal Is Priced Fairly; Shares Rich
Clariant announced a strategic update with the closing of Sabic’s acquisition of 25% of Clariant’s shares. Key items include higher performance targets, Sabic’s increased representation in Clariant’s board and management, planned divestment of the pigments and masterbatches businesses, and the formation of a new business called high-performance materials that will include Clariant’s additives and high-value masterbatches and Sabic’s high-performance thermoplastics. In general, we think these ite...Clariant is a specialty chemicals group based in Switzerland. Co. develops, manufactures, distributes and sells a broad range of specialty chemicals which play a key role in its customers' manufacturing and treatment processes or add value to their end products. Co. has manufacturing plants around the world and sells mainly in countries within Europe, the Americas and Asia. Co.'s businesses are organized into four business areas: Care Chemicals (BU Industrial & Consumer Specialties), Catalysis & Energy (BU Catalysts, Business Line Energy Storage), Natural Resources (BU Oil & Mining Services, BU Functional Minerals), and Plastics & Coatings (BU Additives, BU Masterbatches, BU Pigments).
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