Clariant sells its stake in SF-Chem for CHF 22 Million
The SF-Chem transaction is part of Clariant's strategy to sell businesses that are outside its core activities. Last year the company began a far-reaching Transformation Program that includes selling several non-strategic businesses, cutting costs and making sustainable competitiveness improvements.
SF-Chem is a manufacturer of chemical intermediates for the pharmaceutical, agrochemical and specialty chemicals industries. It is headquartered in Pratteln near Basel and employs around 360 people. Closing of the transaction is expected at the end of this month.
Most read news
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.