Clariant Businesses Sold, Take On Archroma Name
Clariant International Ltd., Switzerland, has sold its Textile Chemicals, Paper Specialties and
Emulsions businesses to SK Capital Partners, New York City, for some $470 million.
The businesses are now part of Archroma, a new Switzerland-based company led by CEO Alexander Wessels. Archroma Paper Solutions is managed from Switzerland, while Archroma Textile Specialties is managed from Singapore and Archroma Emulsion Products, from Brazil.
The sale includes the transfer to Archroma of 2,900 Clariant employees and 25 production sites in 35 countries. The existing heads of the businesses continue to serve as follows: Thomas Winkler, president, Textile Specialties; Helmut Wagner, president, Paper Solutions; and Dominik von Bertrab, president, Emulsions Products.