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Clariant and Sioen-EMB Agree to Business Acquisitions in Europe That Strengthen Their Respective Businesses

Published on 2007-09-05. Author : SpecialChem

Switzerland -- Clariant Masterbatches Benelux S.A and European Masterbatches NV (EMB), a subsidiary of Sioen Industries, will each strengthen their respective positions in key product areas in Belgium and France. Clariant will purchase Sioen-EMB masterbatches, currently being produced in Bornem, Belgium, while EMB will acquire from Clariant Masterbatches (St Jeoire) PVC pigment pastes made by Clariant in St. Jeoire, France. The agreements are still subject to the necessary approvals of the regulatory authorities.

The transactions cover customer and product portfolios and some manufacturing equipment, but not personnel or properties. Both companies will shift manufacturing to their own sites. "Both our companies saw their respective businesses as fitting better into the other's portfolio," explains Thomas Bernhardt, Head of Clariant Masterbatches Europe West Business Unit. "This acquisition enables customers who formerly purchased from EMB to benefit from working with a world's leading supplier of masterbatches, including Clariant's advanced technical capabilities and global network of production and service sites."

"Sioen-EMB is a European market leader in pigment pastes, with multiple production sites in France and Belgium" explains Pascale Sioen, CEO of Sioen Chemicals. "Buyers of those materials will now deal with a company that is one of the best resources for application-specific knowledge, product know-how and supply chain expertise. Pigment paste customers also will have access to the Sioen Chemicals Division not only for mono-pigment pastes but also for other dispersions such as final-colored pastes, flame-retardants, inks and varnishes."

About Sioen Chemicals

Sioen Chemicals is part of the Sioen Industries Group. Sioen Chemicals specializes in pigment pastes, varnishes, inks and flame-retardant dispersions. Sioen Industries is active in coated technical tectiles, protective clothing and fine chemicals. The group is fast-growing, strong vertically integrated and has three divisions. As stock quoted company, Sioen Industries manufactures in 14 countries, sells in 80, has 38 subsidiaries and counts 4600 employees. In 2006, Sioen posted net group sales of €339.4 million.

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 about 21,500 people. Headquartered in Muttenz near Basel, Switzerland, it generated sales of CHF 8.1 billion in 2006.

Clariant's businesses are organized in four divisions: Textile, Leather & Paper Chemicals; Pigments & Additives; Functional Chemicals; and Masterbatches. 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.

Source: Clariant


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