Clariant India leather assets divested for sale

Published:  06 January, 2014

Clariant Chemicals (India) Ltd is one of India's leading specialty chemicals producers. Clariant International, the holding company of Clariant Chemicals (India) Ltd is in talks to sell its leather services business to Dutch company, Stahl Holdings B.V. 

Clariant Chemicals (India) Ltd. has leather service centres located in Chennai, Kanpur, Kolkata, Ranipet and Vaniyambadi. In 2012, the Clariant Leather Services business generated US$295 million in reported sales and a reported EBITDA before exceptional items of US$26 million. With the proposed divestment of the Leather Services Business Unit to Stahl, the repositioning of Clariant's portfolio will be completed in the coming quarters.

Source: Equity Bulls