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Clariant To Sell Quats Business For $113 Mln

Clariant AG (CLZNY.PK,CRN.L,CLZNF.PK), a Swiss specialty chemical company, said on Wednesday that it has inked a deal to sell its Quats business to Global Amines Company Pte. Ltd., for $113 million.

This is part of Clariant's intention to more focus on specialty chemicals. Quats are quaternary ammonium compounds and are used in a wide range of commercial, industrial, and consumer products.

Global Amines Company is a 50:50 joint venture owned by Clariant and Wilmar, an agricultural business firm.

The transaction, which includes an asset sale of the company sites in Germany, Indonesia, and Brazil, is expected to close in the first half of 2023.

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