Home / Knowledge / News / Textiles / SK Capital renames Clariant acquisitions as Archroma
SK Capital renames Clariant acquisitions as Archroma
30
Apr '13
Clariant, a world leader in Specialty Chemicals, and SK Capital, a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors, provided an update on the separation process of Textile Chemicals, Paper Specialties and Emulsions. Clariant announced that it agreed to sell the three businesses to SK Capital on 27 December 2012.

After closing of the transaction, the three businesses will be regrouped under a new company with the name of Archroma. Archroma will be a world leading supplier of products and solutions to the textile, paper, adhesives and coating industries with a turnover of CHF 1.2 billion and approximately 3,000 employees.

The company will be headquartered in Switzerland, which will also host the leadership of Archroma Paper Solutions. Archroma Textile Specialties will be managed from Singapore and Archroma Emulsions Products will be managed from Brazil.

The operational and legal separation, including the incorporation of legal entities, licensing and registration activities, the establishment of IT systems, and development of infrastructure and support services as well as ensuring a seamless transition for the Archroma employees is proceeding well.

“The project is running full steam ahead. I am delighted to see the commitment of the joint separation team as well as the employees of the businesses which are highly motivated and are working on the separation with great professionalism”, says Clariant CFO Patrick Jany.

An important aspect in establishing the new company is obtaining merger control and governmental approvals and authorizations, several of which remain pending.  To ensure a successful separation process that minimizes disruption for both customers and employees, Clariant and SK Capital have targeted a closing of the transaction at the end of the 3rd quarter of 2013.

Barry Siadat, a Managing Director of SK Capital, says: “The separation of the Archroma business from Clariant is progressing well, and we are focused on closing the transaction once all transition activities are completed.  We remain jointly committed to provide our customers with the highest quality products and services throughout this period of transition.”

Clariant

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search