SUD-CHEMIE to be acquired for $2.7 billion by Swiss chemicals producer Clariant

Clariant, a Swiss specialty chemical producer is acquiring a majority stake in Sud-Chemie, a German specialty and catalysts firm for a reported $2.7 billion. In the acquisition, Clariant will acquire more than 95% of Sud-Chemie. According to Clariant CEO Hariolf Kottmann, “We are convinced that Sud-Chemie is the right strategic fit for Clariant.”