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SK Capital to acquire three businesses of Clariant

January 3, 2013

SK Capital Partners, a U.S.-based private investment firm, has signed asset and share purchase agreements to acquire the Textile Chemicals, Paper Specialties, and Emulsions businesses of Clariant. These global divisions possess strong brands and leading technologies in dyes, pigments, emulsions and surface active chemicals used in the textile, paper, coatings, construction and adhesive industries. Together, the businesses generate revenues of approximately $1.3 billion, operate from 25 facilities around the world and employ approximately 3,000 employees. The transaction value is approximately $500 million in cash.

With a focus on the specialty materials, chemicals and healthcare sectors, SK Capital has significant relevant experience gained through both previous and current investments in the textile, fiber and nylon chemicals sectors, as well as deep knowledge of the end markets served by the businesses. The acquisition is consistent with SK Capital’s strategy of acquiring niche market leaders with strong brands, technologies and underlying growth trends and actively supporting management in building thriving businesses with sustainable competitive advantages.

The transaction is expected to close by the end of the second quarter of 2013.
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