Clariant sells custom manufacturing business to ICIG
08 May '07
3 min read
"The Clariant agrochemicals businesses are an important building block complementing our present portfolio of fine chemical custom manufacturing assets. With this acquisition WeylChem will become an important player in the non-GMP custom manufacturing sector with revenues of approximately 200 million Euro. It is our plan to realize the synergies with our other fine chemicals manufacturing activities and to expand our services to our customers of major chemical companies around the world” says Dr. Achim Riemann, Managing Director of ICIG.
"The Custom Manufacturing Business substantially broadens ICIG's fine chemicals activities and we are looking forward to actively supporting both the German and the U.S. businesses in their organic growth as well as through further additional complementary acquisitions" says Patrick Schnitzer, Managing Director of ICIG.
International Chemical Investors is an investment group focusing on mid-sized chemical businesses, preferably subsidiaries of large corporations, which are considered non-core, with leading positions in niche markets, operating in competitive environments.
Including the newly acquired Clariant businesses, ICIG will operate 14 production facilities located in Germany, the United States, France, Belgium, Ireland and Poland with total sales of close to € 500 million and more than 2,500 employees.
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