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Ciba Specialty Chemicals Acquires Pira International

Published on 2004-03-16. Author : SpecialChem

Ciba is strengthening Ciba® Expert Services with the acquisition of Pira International, a leading supplier of business solutions to the packaging, paper, printing and publishing industries. This is complementary to Ciba's current expert services' offer, which provides color, environmental, regulatory, safety, testing and educational services, as well as technical know-how to support specific business areas.

Armin Meyer, Chairman and CEO of Ciba, outlines the advantages of the purchase of Pira International. "This is a focused transaction that fits well with our strategy of building our core competencies and our opportunities for profitable growth. The acquisition of Pira International offers immediate benefits in broadening the Ciba® Expert Services offering. Together we are creating a global service platform that has the expertise and experience to support and serve the entire value chain for customers and clients in the packaging, paper, printing and publishing industries. We are convinced that this transaction offers great benefits to the customers of both businesses."

Pira International, which employs 140 people, has worked with the packaging, paper, printing and publishing industries for over 70 years from its base in Leatherhead, UK. It provides strategic and technical consultancy and services with major publishing and conference activities.

"Pira International has in depth, global expertise and knowledge," says Mike Hancock, Managing Director of Pira International and now a member of the management team of the Ciba's Expert Services Unit, headed by Adrian Knott. "Becoming part of the Ciba organization offers us the opportunity to fully utilize this knowledge and new opportunities for growth across all our products and services. "

The change of share ownership was legally completed on March 15, 2004 and Pira International will continue trading under that name as "A provider of Ciba® Expert Services".

Ciba (SWX: CIBN, NYSE: CSB) is a leading company dedicated to producing high-value effects for its customers' products. Our specialty chemicals, added in small quantities, enhance the performance, look and feel of the final product. Business success is driven by our long-term strategy of innovation and continuous operational improvements. Ciba brings new and creative thought to the processes and products of our customers in more than 120 countries. Ciba generated sales of around CHF 6.6 billion in 2003 and CHF 281 million was spent on R&D to foster innovation across the Company.

Source: Ciba

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