Skip to main content

Pigments divestment completes Clariant sales

Clariant has agreed to sell 80% of its Pigments business to a consortium made up of German pigments specialist Heubach Group and private investment firm SK Capital Partners, which owns many other chemical industry operations. This should close in 1H 2022.

New owner for Ferro

With the unanimous support of the directors, Ferro is being acquired by American Securities subsidiary Prince International, in a deal that should close in Q1 2022 subject to shareholder approval and regulatory clearance. The $22.00/share deal values the firm at about $2.1 billion, including the assumption of debt, net of cash.

Further black pigment capacity for Lanxess

Lanxess has expanded its capacity for black synthetic iron oxide pigments at its Krefeld-Uerdingen site in Germany by over 5,000 tonnes/year. This is the world’s largest plant for these pigments.

The investment was made, according to Holger Hüppeler, head of the Inorganic Pigments business unit, because of growing demand from the construction industry, which is increasingly using black pigments to colour concrete. The Bayferrox 330 and 340 grades are widely used in concrete paving stones and roof tiles, and in architecture.

Further black pigment capacity for Lanxess

Lanxess has expanded its capacity for black synthetic iron oxide pigments at its Krefeld-Uerdingen site in Germany by over 5,000 tonnes/year. This is the world’s largest plant for these pigments.

The investment was made, according to Holger Hüppeler, head of the Inorganic Pigments business unit, because of growing demand from the construction industry, which is increasingly using black pigments to colour concrete. The Bayferrox 330 and 340 grades are widely used in concrete paving stones and roof tiles, and in architecture.

SK Capital buys more of Venator

New York-based SK Capital Partners has acquired most of Huntsman’s stake in TiO2 pigments and performance additives producer Venator Materials, which Huntsman span off in 2017. In all, it has bought a 40% stake or 42.5 million shares for about $100 million, including a 30-month option to buy the remaining 9.5 million at $2.15/share.

Subscribe to pigments