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Clariant Sells Detergents & Intermediates Business

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By: TOM BRANNA

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SWITZERLAND: Clariant has signed an agreement to divest its Detergents & Intermediates business to International Chemical Investors Group (ICIG). The total consideration of the sale amounts to approximately $63.7 million (€46.9 million), out of which $21.7 million (€16 million) will be in cash at closing. “Having successfully closed the sale of the first three businesses two weeks ago, the divestment of Detergents & Intermediates marks the next step in streamlining our portfolio,” Cla...

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