Clariant sells quaternary ammonium salt business for $113 million – Amine Catalysts https://www.newtopchem.com The Leading Supplier of China Amine Catalysts Fri, 02 Sep 2022 09:27:37 +0000 zh-CN hourly 1 https://wordpress.org/?v=6.1.7 https://www.newtopchem.com/wp-content/uploads/2023/12/1.jpg Clariant sells quaternary ammonium salt business for $113 million – Amine Catalysts https://www.newtopchem.com 32 32 Clariant sells quaternary ammonium salt business for $113 million https://www.newtopchem.com/archives/40909 Fri, 02 Sep 2022 09:27:37 +0000 https://www.newtopchem.com/archives/40909 Latest: Swiss specialty chemicals company Clariant said on Aug. 31 that it had reached a definitive agreement to divest its quaternary ammonium salts business to Singapore-based Global Amines in a deal valued at $113 million .

Global Amines is a 50:50 joint venture owned by Clariant and Wilmar International.

The divestment is another step in the transformation of Clariant’s portfolio to focus its business on specialty chemicals.

Clariant said the transfer is a sale of assets in Germany, Indonesia and Brazil, and will provide fee agreements if needed. The transaction is expected to close in the first half of 2023.

]]>