Clariant is selling its entire Masterbatches business to PolyOne for US$1,560 million.
This amount is payable at closing, which is expected by the third quarter of 2020.
The deal with PolyOne comprises two separate transactions. The global Masterbatches business is sold in a deal valued at US$1,500 million. Separately, the sale of Clariant’s Masterbatches business in India has been approved by Clariant Chemicals (India) Limited’s Board of Directors, and is valued at INR 4,260 million or approx. US$60 million.
In financial year 2018, the total Masterbatches business generated sales of around CHF 1,181 million.