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HuntsmanClariant agree on joint direction

Clariant and Huntsman have decided to merge. The merged company will be named HuntsmanClariant. Clariant and Huntsman have agreed on a joint strategic direction for near- and long-term value creation based on continued focus on higher growth and higher margin businesses, expansion of existing strong downstream presence, reaping benefits of complementary product portfolios and breadth of reach to deliver an additional organic sales revenue growth of around two per cent a year at around 20 per cent ebitda margin and delivering synergies in excess of 400 million dollars.

The merger brings together two strong specialty chemicals businesses with similar ebitda margins at 17.2 per cent (including synergies). It will reap complementary benefits between performance products, care chemicals and natural resources, which represent around 35 per cent of HuntsmanClariant’s combined sales and hold a comprehensive surfactant portfolio in high-end niche markets globally. This is expected to have meaningful opportunities for growth including cross-selling potential and new product applications.

There is a clear joint understanding of the combined company’s future core segments and the direct majority of investments will be directed to growth areas and growth regions.

HuntsmanClariant’s position as a leading specialty chemicals company will further benefit from complementary R&D and technological expertise as well as shared knowledge in sustainability and cross-fertilization in innovation and technology capabilities.

 
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