Ciba Specialty Chemicals Announces Sales Agreement With Clariant for Masterbatch Business
Ciba Specialty Chemicals Company, Muttenz, Switzerland, has signed an agreement to sell its Masterbatch business to Clariant, Basel, Switzerland. The divestment is expected to be concluded in the fourth quarter of 2006 after the necessary regulatory approvals. The sales price was not disclosed.
All approximately 300 employees will transfer to Clariant. The Ciba Masterbatch business, with sales of CHF 80 million, operates in Malaysia, Saudi Arabia and France.