Clariant closes strategic alliance with Beraca acquiring 30% of its shares in Health & Personal Care Division
* Strategic alliance will deliver new and sustainable solutions for the global Personal Care industry * Beraca is a leading provider of natural and organic certified ingredients sustainably drawn from Brazil's biodiversity
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.'
'This partnership with Clariant is a key step of Beraca's sustainable growth and expansion plan. We foresee great innovation synergies that will culminate in creating more value to our main stakeholders, especially our customers and our partner sourcing communities. With this joint-venture, Beraca envisions its sustainable development cause in an even broader and meaningful magnitude', added Daniel Sabará, CEO of Beraca.
Clariant Corporate Media Relations Clariant Investor Relations
Carsten Seum Anja Pomrehn
Phone +41 61 469 63 63 Phone +41 61 469 67 45 carsten.seum@clariant.com anja.pomrehn@clariant.com
Stefanie Nehlsen Siegfried Schwirzer
Phone +41 61 469 63 63 Phone +41 61 469 67 49 stefanie.nehlsen@clariant.com siegfried.schwirzer@clariant.com
Clariant LATIN AMERICA Media Relations
Maria Isolina Noguerol
Phone +55 11 5683 7101 mariaisolina.noguerol@clariant.com
BERACA MARKETING BERACA INTERNATIONAL COMMUNICATIONS
barbara zibellini Fernanda Bonifácio
Phone +55 11 2643 5054 Phone +55 11 2643 5054 barbara@beraca.com fernanda.bonifacio@beraca.com
www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2014 the company employed a total workforce of 17 003. In the financial year 2014, Clariant recorded sales of CHF 6.116 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: increase profitability, reposition portfolio, add value with sustainability, foster innovation and R&D, and intensify growth.
www.beraca.com
Beraca is an innovative company that has been investing in the development of sustainable technologies for more than 58 years. The company is a leading provider of natural and organic certified ingredients, with high performance and proven efficacy from Brazilian biomes, Beraca's products and services add value to a vast number of brands in over 40 countries.
Press Release English: http://hugin.info/139777/R/1969661/719939.pdf
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Source: Clariant Finance (Luxembourg) S.A. via GlobeNewswire [HUG#1969661]
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