Klein sells its pigment division business

On June 14th, Swiss specialty chemical company Klein announced the sale of its pigment business to Heubach Group

A consortium formed with SK Capital, with a transaction value of CHF 805 million to CHF 855 million (approximately RMB 5.73 billion to RMB 6.08 billion),

A profit payment of 50 million Swiss francs will be determined based on the financial performance of Klein's pigment business in 2021. This transaction requires approval from regulatory authorities,

It is expected to be completed in the first half of 2022. When the transaction is completed and delivered, Klein will reinvest and become a * * * terminal together with Heubach and SK Capital

Shareholders holding 20% of the shares in the holding company. The merged company will become a global pigment company with approximately 3000 employees and annual sales revenue

Over 900 million euros. Klein CEO Conrad stated that the pigment sales business represents the sales plan and product portfolio announced in July 2018

One step towards repositioning. In the future, Klein is fully committed to improving its core business areas, namely nursing chemicals, catalysts, and natural resources

Source income and profitability work. Heubach is headquartered in Langelsheim, Germany and is a global high-quality organic, inorganic, and anti-corrosion pigment

And pigment formulation manufacturers. Heubach is one of the first pigment manufacturers with over 200 years of experience in pigment production. Heubach gives birth every year

We produce approximately 35000 tons of pigments and employ over 1000 people. Klein's pigment business unit is a supplier of organic pigments, pigment preparations, and dyes, producing

The product is widely used in fields such as automobiles, industrial and architectural coatings, as well as the plastic industry. In 2020, the 1900 employees of this business unit created approximately 8.5

Sales of billions of Swiss francs. Klein stated that with the stripping of medical packaging in October 2019 and color masterbatch in July 2020, as well as the pigment business

Spin off, Klein transforms into a high-value specialty chemical company with growth above market, higher profitability, and stronger cash flow

Generating ability. The proceeds from selling pigment business will be used to invest in growth projects in core business areas, implement sustainable development and innovation strategies, and fund

Performance improvement plan, as well as strengthening Klein's balance sheet and reinvesting in the pigment business after the merger of Klein and Heubach. (Ding Muchen)

Source of this article: China Industry Daily

Our company's agent for Kline Pigments: Welcome to inquire, Mr. Huang; thirteen billion six hundred and thirty-one million eight hundred and seventy-four thousand and ninety-four