Clariant

Clariant announces plan to update its strategy to further enhance growth and value creation

  • Clariant’s Board of Directors approved the Executive Committee’s plan to define a concrete set of measures, including M&A activities, to enhance value creation
  • Clariant will present details on its updated strategy to investors in the beginning of 2018
  • Süd-Chemie legacy shareholders and the majority of institutional shareholders back this approach and support management and the Board of Directors

Muttenz, November 24, 2017 – Clariant, a world leader in specialty chemicals, today announced that its Board of Directors has approved the Executive Committee’s proposal to update Clariant’s strategy in order to further increase value creation. The plan was developed as a consequence of the termination of the intended merger with Huntsman, which was forced by activist shareholders.

The implementation of Clariant’s existing growth strategy as well as further value creation would have been accelerated by the merger with Huntsman. It would have generated more than $3.5 billion of shareholder value through the realization of massive synergies and a promising optionality from a portfolio and capital strength perspective. Clariant’s management is fully aware that the new situation following the termination of the merger will require additional efforts to update the strategy which will now be implemented on an accelerated basis.

Therefore, the Board of Directors supports the Executive Committee’s intention to build upon Clariant’s existing strategy by defining further actions such as M&A activities, short-term portfolio management options, potential returns to shareholders, a thorough review of the cost base and the pursuit of additional growth opportunities. Clariant’s recently announced investment in the sunliquid® technology is one example of the latter.

Since Clariant’s well-proven and successful growth strategy was and is unanimously supported by the Süd-Chemie legacy shareholders, representing approximately 15% of the outstanding shares, as well as the vast majority of institutional shareholders, the company has a broad global backing for continuing its course of reaching a position in the top tier of the specialty chemicals industry. Clariant will announce and present details concerning these activities to its investors in the beginning of 2018, well before its Annual General Meeting in March.

Reader enquiries

Clariant International Ltd
Rothausstrasse 61
4132 Muttenz 1
Switzerland
+41 61 469 6742
www.clariant.com
@clariant
linkedin.com/company/clariant

Notes for editors


www.clariant.com

Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2016 the company employed a total workforce of 17 442. In the financial year 2016, Clariant recorded sales of CHF 5.847 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.

 

Editorial enquiries

Jochen Dubiel
Clariant International Ltd

+41 61 469 63 63
jochen.dubiel@​clariant.com

Claudia Kamensky
Clariant International Ltd

+41 61 469 63 63
claudia.kamensky@​clariant.com

Thijs Bouwens
Clariant International Ltd

+41 61 469 63 63
thijs.bouwens@​clariant.com

Anja Pomrehn
Investor Relations
Clariant International Ltd

+41 61 469 63 73
anja.pomrehn@​clariant.com

Maria Ivek
Investor Relations
Clariant International Ltd

+41 61 469 63 73
maria.ivek@​clariant.com

 

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