MUTTENZ, Switzerland – Clariant and Huntsman Corp. have presented the first update to shareholders on the planned merger of the two companies. The update states that preparations to create HuntsmanClariant, a specialty chemicals company, are showing continued progress and are proceeding as planned, with a closing targeted for December 2017 to January 2018.
Clariant and Huntsman have agreed on a joint strategic direction for near- and long-term value creation based on continued focus on higher growth and higher margin businesses, expansion of existing strong downstream presence, reaping benefits of complementary product portfolios, and breadth of reach to deliver an additional organic sales revenue growth of around 2% per annum.