Clariant acquires Oberhausen Technology Center (OTC)

 Acquisition is part of company strategy to develop and strengthen ICS portfolio
 Clariant gains technological expertise in new formulation technologies and delivery systems to serve customer needs in the consumer care market

Muttenz, October 26, 2011 – The Swiss specialty chemicals group Clariant has acquired German company Oberhausen Technology Center (OTC) to further strengthen its Industrial & Consumer Specialties Business Unit (ICS). Financial details of the acquisition are not being disclosed. The move comes less than two months after Clariant announced a long term partnership of its ICS business with Kitozyme, a leading manufacturer of biopolymers for personal care applications.

OTC is a privately owned company, providing formulation expertise to transform new sustainable and innovative technologies into cost efficient consumer products. OTC has a leading position in development of delivery technologies for micronized active ingredients, which offer customers in consumer care markets innovative solutions in cosmetic, food or other application areas.

Michael Willome, Head of Clariant’s ICS Business Unit, says the deal fits perfectly with Clariant’s strategy of gaining strong positions in new and rapidly developing fields. “OTC gives us an entry into advanced delivery systems for actives and provides us with access to innovative formulation technologies, complementing our own portfolio. That will allow our customers to further differentiate their portfolio and service offerings.

Gerd Dahms, Head of OTC, says sustainable products and technologies are gaining today high importance for both the industries and the consumers. “The high level of commitment within Clariant towards new product concepts and sustainable technologies will pool the strength to implement new technologies and products for new applications much quicker.”

www.clariant.com

Clariant is an internationally active specialty chemical company based in Muttenz near Basel. The group owns over 100 companies worldwide and employed approx. 16,200 employees as of December 31, 2010.
In the financial year 2010, Clariant produced a turnover in excess of CHF 7 billion. Clariant is divided into twelve business units: Additives; Catalysis & Energy; Detergents & Intermediates; Emulsions; Functional Materials; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile Chemicals.

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This release was published on openPR.