Sector News

Report: SK Capital Partners readies to sell Archroma

February 8, 2017
Chemical Value Chain

Private equity firm SK Capital Partners is preparing to divest Archroma, a business it acquired from Clariant in 2013, say reports citing people familiar with the situation. Trade buyers and private equity firms are preparing to bid, according to Reuters.

Archroma was formed in October 2013 from the textile, paper, and emulsions businesses of Clariant, itself formed in 1995 as a spin-off from Sandoz. In 1997, Clariant acquired the specialty chemicals business of the former Hoechst, which now forms a key part of Archroma. The company has since grown organically and through acquisitions. In May 2014, it bought a 49% stake in M. Dohmen (Korschenbroich, Germany), which specializes in producing textile dyes and chemicals for the automotive, carpet, and apparel sectors, and in July 2015 it bought the global textile chemicals business of BASF.

Synthomer (Harlow, United Kingdom) and the private equity firms Apollo Global Management and Advent International are the likely contenders for Archroma, Reuters says, adding that SK Capital could also retain a stake in the business under its new owner. Archroma has sales of around $1.3 billion and adjusted EBITDA of $180 million. It operates 25 facilities around the world employing 3,000 people. The company’s main businesses are textile specialties; packaging and paper specialties; and coatings, adhesives, and sealants. The latter business, Archroma’s smallest segment, competes with Synthomer in water-based synthetic latexes and emulsions.

By Rebecca Coons

Source: Chemical Week

comments closed

Related News

November 26, 2023

INEOS Styrolution and Sinopec inaugurate new ABS facility in Ningbo, China

Chemical Value Chain

INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS[1] facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.

November 26, 2023

Rohm, SABIC combine on New Film, Sheet Unit

Chemical Value Chain

The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.

November 26, 2023

Report: Adnoc considering €10B acquisition of BASF affiliate Wintershall DEA

Chemical Value Chain

Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.

How can we help you?

We're easy to reach