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Part of a plan to focus on core business.
December 19, 2019
By: Happi Staff
Clariant is focusing on its three core businesses in 2020. The company will sell its Masterbatches business to PolyOne in a deal valued at $1.56 billion. The price represents 12.2 times trailing 12-month EBITDA and is expected to close Q3 2020. “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...
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