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.