SK Capital Completes Acquisition of Clariant Business
SK Capital Partners closes the previously announced
agreement to acquire Clariant.
United
States: SK Capital Partners,
a United States based private investment firm, that focuses on the specialty
materials, chemicals and healthcare sectors, has announced the closure of the
acquisition agreement with Muttenz based Clariant. Clariant is a part of
Archroma and caters to textile chemicals, paper specialties, and emulsions businesses.
Together, the business generates a revenue of USD1.3 billion and adjusted EBITA
of USD180million. This acquisition is the fifth corporate carveout among SK
Capital’s seven portfolio companies.
TechSci Research depicts that the acquisition
of Archroma is a strategic move by SK Capital Partners to continue to acquire
niche market leaders and maintain its competitive advantage across the globe.
According to the recently published
report by TechSci Research, “Global
Technical Textile Chemicals Market
By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021”, the
global market for technical textile chemicals is forecast to surpass US$ 4.3
billion by the end of 2016. Growth in the market is anticipated on account of
increasing investments in product portfolio development, supportive government
initiatives to boost use of technical textile chemicals in textile processing
and rising demand from various end use segments such as construction, building,
automobile, agriculture and packaging, among others. Technical textile
auxiliaries dominate global technical textile chemicals market, as these
chemicals are used in larger quantities to manufacture technical textiles as
compared to colorants.