PETnews 6 NEWS PETplanet Insider Vol. 23 No. 01+02/22 www.petpla.net Clariant completes sale of its pigments business Clariant, a focused, sustainable and innovative speciality chemical company, today completed the sale of its Pigments business to a consortium of Heubach Group (“Heubach”) and SK Capital Partners (“SK Capital”). As announced upon the signing of the transaction, the base enterprise value of the sale amounts to CHF 805 million subject to closing accounts adjustments and before a potential earn-out payment of CHF 50 million which is subject to the business’s 2021 financial performance. Clariant rolled over approximately CHF 115 million to retain a 20 % stake in the new holding company, alongside Heubach and SK Capital. This combined business is a global pigments player with approximately 3,000 employees generating approximately EUR 1 billion in annual sales with strong service and production capabilities across the globe. This roll-over allows Clariant to further benefit from the improving profitability of the Pigments business, participate in future growth opportunities and realise synergies via the combination with Heubach’s Pigments business. Clariant’s net cash inflow after roll-over and initial debt adjustments, but before closing account adjustments, tax, transaction cost and a potential earn-out payment amounts to approximately CHF 615 million. Clariant intends to use the proceeds of the divestment to invest into growth projects within the core Business Areas, execute the strategy along sustainability and innovation, fund the performance improvement programs as well as strengthen Clariant’s balance sheet to reach and defend a solid investment rating. “The Pigments divestment concludes Clariant’s transformation into a high-value speciality chemical company, allows us to invest in profitable growth in our most attractive segments and to address the increasing demand for more sustainable products,” said Mr Conrad Keijzer, Chief Executive Officer of Clariant. “We are convinced that the Heubach and SK Capital consortium is the best owner of the Pigment activities and I wish our former colleagues all the best in their new environment. Clariant looks forward to participating in the group’s further development as a shareholder.” www.clariant.com Moldintec’s packaging and design team have won the WorldStar Award in the category Beverage Moldintec announced that their packaging and design team has won the 2022 WorldStar Award in the category of Beverage for “Bonafont NoLabel project”. The WorldStarAward Jury explained their decision as follows: “Moldintec’s NoLabel bottle arouses emotions in people that are more effective than marketing that touts features and benefits only. NoLabel is all about essential packaging for branding agencies that strive for “iconic assets.” It’s a manifesto to people about environmental protection, materials reduction, and recyclability commitment. Essential itself as water. It’s a unique combination of industrial design and engineering talent to develop laser-based manufacturing technology for blow moulds. Decoration, communication, and structural design features fused on the whole bottle skin. Easy to recycle and made 100% PCR. Laser machining makes it real “what is essential is invisible to the eye.” Winners will be honoured at the prestigious WorldStar Awards presentations to be held during May 2022. www.worldstar.org www.moldintec.com/es/ BrauBeviale 2022 suspended at the request of the industry – BrauBeviale 2023: 14 – 16 November 2023 The Covid pandemic continues to shake up the international event calendar in the global beverage technology sector in 2022. After intensive consultation with the companies and associations represented on the BrauBeviale exhibition advisory committee, the event organiser, Nürnberg Messe, has decided to suspend BrauBeviale 2022, from 8 – 10 November 2022. “By taking this step, we are reacting early to the concerns of the market, and ensuring planning reliability for the industry,” says Ms Andrea Kalrait, Executive Director of BrauBeviale and Beviale Family. The next BrauBeviale, therefore, will be held from 14 to 16 November 2023 in Nuremberg. Here are a few voices from the BrauBeviale exhibition advisory committee: “We made the decision to suspend the BrauBeviale in 2022 as key sponsors, alongside our partner NürnbergMesse; by doing so, we are accepting the industry’s desire to hold just one international specialist exhibition in 2022. However, we are already working together to get another attractive and successful BrauBeviale up and running in Nuremberg in 2023!” Mr Stefan Stang, Managing Director, Private Brauereien Bayern e.V. “I have the utmost respect for this difficult, but certainly correct decision. Instead, next year we will be putting the pedal to the metal once again in Nuremberg!” Mr Andreas Holleber, Vice President Global Technology Centre, GEA Brewery Systems GmbH. “The decision is absolutely the right one: holding the two leading beverage technology exhibitions in one year would be too much. We are very much looking forward to a strong BrauBeviale in 2023!” Dr Roland Folz, Group President, Pentair Haffmans BV. “Planning reliability is very important, particularly at present. I want to express my thanks and great respect for this early decision!” Mr Martin Tolksdorf, CMO, Döhler Group GmbH. www.braubeviale.de/en
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