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

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search