Restructuring Clariant Divests Leather Services Business
One more to go: The Swiss speciality chemicals company Clariant has closed the sale of its Leather Services business to Dutch Stahl Holdings on April 30th.
Muttenz/Switzerland – The Dutch holding company Stahl is already engaged in high-quality chemicals, dyes and coatings for leather and other applications. The acquisition of Clariant's leather branch could see Stahl becoming a global leader in leather chemicals with a higher growth profile than the standalone entities and with significant synergy potential, industry experts believe.
The transaction saw Claraint recieveing a cash consideration and a 23% stake in Stahl, allowing it to to participate in the upside potential of the enlarged Stahl. The other 70% of Stahl are held by French investor Wendel.
Restructuring Finalised: Divestiture of leather Services Last Step
The closing of the Leather Services transaction marks the last major step in the repositioning of Clariant’s portfolio. The company has already divested the Business Units Textile Chemicals, Paper Specialties and the Business Line Emulsions on September 30, 2013, as well as the Detergents &Intermediates business on January 6, 2014.