# Clariant divests 50% stake in Scientific Design joint venture to SABIC

Clariant signed definitive agreements to divest its 50% stake in the joint venture owning Scientific Design Company Inc. to SABIC for $130 million. SABIC executed a call option raised in 2015. The closing is expected in mid-2022.

- Type: Acquisition
- Announced: 2022-02-02
- Where: Little Ferry, New Jersey, United States
- Value: $130.0M
- Status: announced
- Products: ethylene oxide, ethylene glycol, catalysts
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Clariant](https://endata.com/companies/426.md) (partner)
- [Scientific Design Company](https://endata.com/companies/857.md) (target)
- [SABIC](https://endata.com/companies/3200.md) (acquirer)

## Sources

- [clariant.com](https://www.clariant.com/en/Corporate/News/2022/02/Clariant-signs-agreements-to-divest-50--stake-in-Scientific-Design-joint-venture-to-SABIC), 2022-02-01: "Clariant has signed definitive agreements to divest its 50 % stake in the joint venture which owns Scientific Design Company Inc. to its long-term joint venture partner, SABIC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.