- Clariant acquired BASF’s U.S. Attapulgite business assets for USD 60 million in cash
- Attapulgite supply strengthens Clariant’s leading technology position in the growing markets for the purification of edible oils and renewable fuels
- Acquisition extends Clariant’s North American footprint
- Underpins Clariant’s bolt-on acquisition strategy and sustainability focus
MUTTENZ, OCTOBER 31, 2022
Clariant, a focused, sustainable, and innovative specialty chemical company, today announces that it has completed the acquisition of BASF’s U.S. based Attapulgite business assets for USD 60 million in cash. Structured as an asset deal, the transaction includes the transfer of land as well as mining rights, the processing facility, and inventories, which will be integrated into Clariant’s Functional Minerals business. The finalized deal also includes an agreement for the long-term supply of attapulgite-based products to BASF. The transaction will improve the EBITDA margin profile of Clariant’s Business Area Natural Resources while supporting the company’s path towards reaching its 2025 targets.
Adsorbent clays, such as attapulgite, are an important enabler for growth in the purification of edible oils and renewable fuels. In edible oil they remove contaminants thereby enhancing the shelf-life and oil quality, whereas in renewable fuels they play a key role in removing contaminants during the pre-treatment process, thereby protecting the catalyst. This enables a particularly stable and economically viable process. Clariant offers unique technologies for the purification of biodiesel to reduce greenhouse gases in road transportation and for the purification of pyrolysis oil to enable the chemical recycling of plastics. With this acquisition Clariant’s Functional Minerals business will increase its production capacity and subsequently its footprint in the attractive North American market.
"This acquisition is a perfect example of our disciplined approach to bolt-on acquisitions as it provides tangible synergies, strengthens one of our core segments and brings us closer to our 2025 targets,” said Conrad Keijzer, Chief Executive Officer at Clariant. “At the same time, the acquisition is another step forward in the energy transition away from fossil-based fuels.”
The newly acquired attapulgite business is one of the largest miners and producers of attapulgite in North America. It encompasses mining operations in Georgia as well as Florida and processing operations in Quincy, Florida. This business is well recognized in the industry for its unique combination of mineral quality, mine reserve size, and strategic location. It produces attapulgite based products for a wide range of applications and end markets, and generated sales of approximately USD 36 million in 2020.
“We are very pleased with the completion of this acquisition in the U.S.,” comments Angela Cackovich, President of Adsorbents & Additives at Clariant. “Along with a strategically valuable business, we also welcome 75 highly qualified professionals. Our increased presence in the region will allow for greater customer proximity and enhances our ability to meet the demands of an attractive, rapidly expanding market.”
North America is a strategic region for Clariant with numerous growth opportunities in the edible oil and renewable fuel markets. With its expertise and via this acquisition, Clariant will increase its production capacity to be able to meet the growing demand for renewable fuels whilst also maintaining its supply integrity to the edible oils market, more specifically by expanding its Tonsil® range. Clariant’s Tonsil® bleaching earths are the gold standard for efficient and sustainable oil, fat, and biofuel purification. The product range has been used successfully to remove impurities from crude oils and fats for more than 100 years.
| CORPORATE MEDIA RELATIONS Jochen Dubiel Phone +41 61 469 63 63 jochen.dubiel@clariant.com Anne Maier Phone +41 61 469 63 63 anne.maier@clariant.com Ellese Caruana Phone +41 61 469 63 63 ellese.caruana@clariant.com | INVESTOR RELATIONS Andreas Schwarzwälder Phone +41 61 469 63 73 andreas.schwarzwaelder@clariant.com Maria Ivek Phone +41 61 469 63 73 maria.ivek@clariant.com Alexander Kamb Phone +41 61 469 63 73 alexander.kamb@clariant.com |
| Follow us on Twitter, Facebook, LinkedIn, Instagram. This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company’s ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials. www.clariant.com Clariant is a focused, sustainable, and innovative specialty chemical company based in Muttenz, near Basel/Switzerland. On 31 December 2021, Clariant totaled a staff number of 11 537 and recorded sales of CHF 4.372 billion in the fiscal year for its continuing businesses. The company reports in three Business Areas: Care Chemicals, Catalysis, and Natural Resources. Clariant’s corporate strategy is led by the overarching purpose of ‘Greater chemistry – between people and planet’ and reflects the importance of connecting customer focus, innovation, sustainability, and people. | |
Attachments
- Clariant Media Release Clariant completes acquisition of BASF US Attapulgite business assets 20221031 EN
- Clariant Media Release Clariant completes acquisition of BASF US Attapulgite business assets 20221031 DE
