Home / Knowledge / News / Textiles / Clariant sells specialty silicones business
Clariant sells specialty silicones business
01
Sep '09
Clariant has sold its specialty silicones business, including its Gainesville Florida facility, to SiVance LLC, an affiliate of New York-based GenNx360 Capital Partners. GenNx360 is a private equity firm focused on industrial business-to-business companies. Financial terms of the transaction, which is effective September 1, were not disclosed.

The Gainesville-based business specializes in the use of silicone-based chemistry for ingredients used in construction, personal care, pharmaceutical and electronics markets. The business employs about 120 people, all of whom are expected to transfer to SiVance. Clariant acquired the specialty silicones business and the Gainesville site in 2000 through the company's purchase of UK-based BTP.

“The sale is good news for Gainesville site employees, for SiVance and GenNx360 Capital Partners and for Clariant,” says Clariant's North American region head Ken Golder. “We have decided to divest this business because its focus on developing complex but smallquantity silicone products is not closely aligned to Clariant's business model and strategic direction.”

Clariant

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

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

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
March 2017

March 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