Muttenz, November 24, 2008 - Clariant announced today it plans to sell Netherlands-based Dick Peters B.V. to the German specialty chemicals group ALTANA. The transaction is worth Euro 17.5 million and will complement the existing wax emulsion business of the ALTANA subsidiary BYK-Cera.
Founded in 1956, Dick Peters employs 35 people and is headquartered in Denekamp, Netherlands. The company had a turnover in excess of Euro 24 million in 2007.
"We believe ALTANA will be an excellent owner for Dick Peters. There is a strong strategic fit and the transaction provides ALTANA additional production capacity to meet growing demand," said Head of Clariant's Pigments and Additives Division Okke Koo.
"This is a good deal for employees at Dick Peters B.V, and for Clariant and its shareholders," he added.
The transaction comprises a 100% share purchase agreement from Clariant including all employees at Dick Peters B.V. The transaction is subject to the approval of the antitrust authorities.
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Media Contacts
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Nigel Thornton |
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+ 41 61 469 67 43 |
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Email |
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nigel.thornton@clariant.com |
Investor Relations Contacts
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Ulrich Steiner |
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+41 61 469 67 45 |
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ulrich.steiner@clariant.com |
Clariant - Exactly your chemistry
Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.
Clariant, which is represented on five continents with over 100 group companies, employs around 20,000 people. Headquartered in Muttenz near Basel, Switzerland, it generated sales of CHF 8.5 billion in 2007. Clariant's businesses are organized in four divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Masterbatches and Functional Chemicals.
Clariant is committed to sustainable growth springing from its own innovative strength. Clariant's innovative products play a key role in its customers' manufacturing and treatment processes or else add value to their end products. The company's success is based on the know-how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions.
www.clariant.com
Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers.
Clariant, which is represented on five continents with over 100 group companies, employs around 20,000 people. Headquartered in Muttenz near Basel, Switzerland, it generated sales of CHF 8.5 billion in 2007. Clariant's businesses are organized in four divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Masterbatches and Functional Chemicals.
Clariant is committed to sustainable growth springing from its own innovative strength. Clariant's innovative products play a key role in its customers' manufacturing and treatment processes or else add value to their end products. The company's success is based on the know-how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions.
www.clariant.com
Further information on Dick Peters
Dick Peters BV
Dick Peters BV was founded in 1956. The central activity at that time was the textile industry in Holland and West-Germany. In 1973 Dick Peters BV was taken over by Hoechst Holland NV After the merger between Hoechst Specialty Chemicals with Clariant in 1997, Dick Peters B.V. became a 100% subsidiary of Clariant.
Dick Peters BV has developed into a company that makes special products for almost every industry. Over the last 10 years, the average turnover increase exceeded 10% by far. Dick Peter's market is worldwide, with 80% of our products sold abroad.
www.dickpeters.nl