Home / Knowledge / News / Textiles / Clariant acquires Rite Systems/Ricon Colors
Clariant acquires Rite Systems/Ricon Colors
10
Jul '08
Clariant, a world leader in specialty chemicals, announced that it has acquired the combined companies of Rite Systems Inc and Ricon Colors Inc, leading U.S. masterbatches suppliers with both liquid and solid masterbatches technology.

The purchase substantially strengthens Clariant Masterbatches' market position in North America, a region offering important growth opportunities and a technologically demanding customer base. Terms of the agreement, that transferred the businesses effective July 1, were not disclosed.

Founded in 1987 and with yearly sales of approximately USD 50 million, Rite Systems and Ricon Colors employ approximately 150 people. They operate from three strategically located plants in the U.S. in: West Chicago, Ill.; Mooresville, N.C.; and Chino, Calif.; a European operation is based in Vienna, Austria. The company's portfolio comprises about two-thirds liquid and one-third solid masterbatches.

“Rite Systems/Ricon Colors is an excellent partner to expand our product and service offering in North America, especially for our customers in the packaging and consumer goods market segments,” comments Dominik von Bertrab, Head of Clariant Masterbatches.

“In particular the excellent knowledge of Rite Systems in the field of liquid masterbatches is a perfect addition to Clariant's current capabilities. We are now in an even better position to offer our customers all the products and services they need to compete successfully in the plastics market.”

“Further, Rite's outstanding reputation in liquid color will allow us to leverage this new competence into other regions where Clariant enjoys strong market positions such as Europe, Asia and Latin America.” Dominik von Bertrab is convinced that “combining Rite's strong technology base in liquid with Clariant's extensive geographic reach will make this acquisition a truly winning combination for our customers.”

Clariant, the global leader in color and additive masterbatches, currently holds the number two position in the North American masterbatches market with 13 full-service manufacturing facilities. Clariant Masterbatches' key market segments include packaging, consumer goods, textile, automotive and additives. The combined Clariant Masterbatches business will employ more than 700 people in North America.

“Our goal has always been to be a world class provider of color solutions,” says Manu Jogani, President of Rite Systems Inc. “Partnering with Clariant Masterbatches will give our company the platform to expand our offerings to both domestic and international markets. In addition, we are excited to explore the synergies with Clariant's innovative research and development team to further enhance our value proposition to our customers.”

Clariant


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Judy Frater
Somaiya Kala Vidya

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search