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Henkel is acquiring Stahl for an enterprise value of €2.1 billion, buying the stakes held by Wendel, BASF and Clariant, to strengthen Stahl's specialty coatings for flexible materials. Completion is subject to closing conditions and regulatory approvals.
Lummus Technology and its catalyst partner Clariant were awarded a contract by Fujian Meide Petrochemical to supply CATOFIN propane dehydrogenation technology and catalysts for a 900,000 metric ton per year propylene unit in Fuzhou, China, scheduled to start in 2023.
Clariant completed the sale of its Pigments business to a consortium of Heubach Group and SK Capital Partners, with a base enterprise value of CHF 805 million before a possible earn-out.
US private equity firm Arsenal Capital Partners completed its acquisition of Clariant's healthcare packaging business, now rebranded as Airnov Healthcare Packaging, for about CHF308 million. The deal was signed in July 2019 and completed in November 2019.
Huntsman Corp. and Clariant agreed an all-stock merger to create HuntsmanClariant, a specialty chemicals company with combined value of $20 billion and expected sales near $13.2 billion. Clariant shareholders will hold 52 percent of the combined group.
Clariant plans to expand production of its Continu-Strip desiccant packets by adding a high-capacity multi-lane production line. The expansion was described in November 2016.
Clariant plans to begin desiccant canister production at its new greenfield plant in Cuddalore, Tamil Nadu, by the second half of 2017. The plant will serve the Indian pharmaceutical industry.
