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

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

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

Silke Brand-Kirsch
Schlegel und Partner

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
January 2017

January 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