Important Acquisition from Global Amines
Clariant's Global Quats and Esterquats business is acquired by Global Amines in a definitive agreement.
Clariant's Global Quats and Esterquats Business has been acquired by Global Amines Company Pte. Ltd., a 50-50 joint venture of Clariant and Wilmar. The transaction, which is subject to regulatory approval, is expected to close in the first half of 2023. The purchase price is set at USD 113 million, subject to standard closing conditions.
Clariant's current Quats and Esterquats business includes reputable products sold under the Praepagen® and Genamin® trademarks and has a well-established presence in the home and personal care market, with production assets located in Germany, Brazil, and Indonesia. The company has an excellent reputation as a leading supplier of proprietary quats, and its products are used in a wide range of products, including fabric softeners and hair conditioners.
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Clariant production plant in Gendorf, Germany.[/caption]
“The Quats and Esterquats business is an ideal fit for Global Amines Company as it perfectly complements our product portfolio and our ability to offer customers the best and most competitive solutions from a complete range of Amines, Quats, Amines Derivatives and Betaines.
The acquisition plays to the JV’s strategic strengths by building on Clariant’s long-standing experience in specialties chemicals and Wilmar’s position as Asia’ leading agribusiness and on its global Oleochemicals business” said Ernesto Horikoshi, Group General Manager of Global Amines Company. “This will guarantee a solid business continuity on a competitive and attractive basis for an ever-stronger future growth” he added.
Praepagen® and Genamin® are trademarks of Clariant registered in many countries.
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