SK Capital Partners Closes Deal with Clariant, Forms Archroma
Alexander Wessels is the new CEO of Archroma.
Oct. 2, 2013 - SK Capital Partners, a U.S. based private investment firm, has acquired Clariant's Textile Chemicals, Paper Specialties and Emulsions businesses for about CHF 425 million (approx. USD 471.5 million).
The combination of the three businesses will be known as Archroma — a new company officially launched Oct. 1.
“We're open for business with a new name and a financially strong and knowledgeable parent who believes in our technology, brand and leading market positions,” said Alexander Wessels, the new CEO of Archroma.
“The transaction closing comes after a thorough preparation to ensure a seamless transition of the businesses from Clariant to new ownership. In addition, we believe that realigning the three businesses into a single integrated, market-focused and dynamic company will benefit both our employees and our customers,” Wessels added.
Archroma will be headquartered in Switzerland along with the management team of Archroma's Paper Solutions Business. The Textile Specialties Business will be managed from Singapore and the Emulsion Products Business from Brazil.
For further information, visit: www.archroma.com.