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Share Name Share Symbol Market Type
BASF AG XE:BAS XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.37% 54.04 54.04 54.04 53.95 53.16 53.60 2,471,023 16:45:00

Clariant to Buy BASF's US Attapulgite Business Assets for $60 Million

28/12/2021 6:55am

Dow Jones News


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   By Olivia Bugault 
 

Clariant AG said Tuesday that it has signed definitive agreements to buy the U.S. attapulgite business assets of BASF SE for $60 million.

The transaction should be completed next summer and will be paid in cash, the Swiss chemicals group said.

BASF's attapulgite business has operations in Georgia and Florida, Clariant said.

In 2020, it generated sales of about $36 million.

"The transaction will accrete to the natural resource's Ebitda [earnings before interest, taxes, depreciation, and amortization] margin profile and will support Clariant on its path towards its recently announced 2025 targets," the company said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

December 28, 2021 01:40 ET (06:40 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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