MUTTENZ, Switzerland – Specialty chemical company Clariant has agreed to sell its entire Masterbatches business to PolyOne. The transaction values the Masterbatches business at $1,560 million.
“This announcement is a significant milestone on our path to focusing on businesses with above-market growth, higher profitability and stronger cash generation. After the successful divestment of Healthcare Packaging in October 2019 the agreement to sell Masterbatches is an important step in delivering on our strategy defined in 2015 to concentrate on our three core Business Areas — Care Chemicals, Catalysis and Natural Resources,” said Hariolf Kottmann, Executive Chairman of Clariant. “As announced, we are confident that we will execute the remaining divestment of our Pigments business in 2020 in order to build the new, more focused and stronger Clariant by 2021,” he added.