Clariant AG
Clariant closes strategic alliance with Beraca acquiring 30% of its shares in Health & Personal Care Division
Clariant AG / Clariant AG: Clariant closes strategic alliance with Beraca acquiring 30% of its shares in Health & Personal Care Division . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
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Muttenz, November 26, 2015 - Clariant, a world leader in specialty chemicals, has closed its transaction to acquire a 30% share in Beraca Ingredientes Naturais S.A. ("Beraca"), which assumed the Health & Personal Care Business of Sabará Químicos e Ingredientes S.A. Beraca is a leading player in natural, sustainable and innovative ingredients. Financial details of the acquisition are not being disclosed.
The two companies announced their intention to form a strategic partnership in January 2015. The deal was completed today and includes the possibility of major participation by Clariant in the future.
Beraca, prior to the partial acquisition by Clariant a family-owned business, will remain an independently managed company. It will continue to market its world-wide known product portfolio of active performance systems, fixed and essential oils, clays and butters sustainably harvested from Brazilian biomes.
Christian Vang, Head of Business Unit Industrial & Consumer Specialties at Clariant, commented: "The alliance now created between key players in the Personal Care sector will build a partnership to deliver environmentally-compatible solutions, combining expertise on the sustainable use of biodiversity and state of the art formulation technology. Customers and end-consumers across the world will have access to a larger range of solutions. Besides meeting known demand for natural ingredients we see exciting opportunities to grow this business in geographies such as Africa and Asia."