Latest news for Clariant (OTC:CLZNF) Stock

Clariant is a Switzerland-based specialty chemicals company with global operations. The company reports in three business areas: care chemicals, absorbents and additives, and catalysts. Care chemicals mainly targets consumer end markets such as personal care and homecare, but it also has an industrial component. Absorbents and additives encompass Clariant's coatings and adhesives, absorbents, and plastics segments. Catalysts manufacturers process catalysts, mainly for petrochemical and syngas plants.

Equities

News

Asset Sales

Markets

General

CLZNF

International Flavors &amp; Fragrances Inc (NYSE: IFF) said specialty chemical company Clariant AG (OTC: CLZNF) has agreed to acquire its 

Best-Owner Mindset - IFF Divests Cosmetic Ingredients Business To Swiss Chemical Company Clariant For $810M

Clariant AG

In a report released today, Andreas Heine from Stifel Nicolaus reiterated a Hold rating on Clariant AG (CLZNF – Research Report), with a price targ...

Balanced Outlook: Hold Rating on Clariant AG Amid Mixed Segment Performance and Financial Projections

In a report released on April 15, Christian Faitz from Kepler Capital maintained a Buy rating on Clariant AG (CLZNF – Research Report), with a pric...

Kepler Capital  Sticks to Their Buy Rating for Clariant AG (CLZNF)

Baron International Growth Fund Q1 2024 Shareholder Letter

Stifel Nicolaus analyst Andreas Heine has maintained their neutral stance on CLZNF stock, giving a Hold rating on April 26. Andreas Heine has given...

Clariant AG: A Balanced Hold Rating Amid Mixed Divisional Performance and Fair Valuation

In a report released on April 30, Christian Faitz from Kepler Capital maintained a Buy rating on Clariant AG (CLZNF – Research Report), with a pric...

Kepler Capital  Remains a Buy on Clariant AG (CLZNF)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Anglo American (AAUKF – Research Report) and Claria...

Analysts Offer Insights on Materials Companies: Anglo American (OtherAAUKF) and Clariant AG (OtherCLZNF)

Analyst Peter Clark of Bernstein maintained a Hold rating on Clariant AG (CLZNF – Research Report), with a price target of CHF15.00. Peter Clark ha...

Clariant AG: A Balanced Hold Rating Amidst Strong Performance and Strategic Positioning

In a report released today, Ranulf Orr from Citi maintained a Buy rating on Clariant AG (CLZNF – Research Report). The company's shares closed last...

Clariant AG (CLZNF) Receives a Buy from Citi

Barclays analyst Alex Stewart maintained a Hold rating on Clariant AG (CLZNF – Research Report) today. The company's shares closed yesterday at $16...

Barclays Keeps Their Hold Rating on Clariant AG (CLZNF)

Clariant: Long-Term Prospects Remain Bright

AAUKF

ACGL

AKCCF

BAIDF

BIDU

BIRK

CLLNY

CLNXF

CLZNY

DAVA

DCHPF

DPHAY

DSFIY

DSMFF

EQBBF

FIGIF

FYGGY

JPXGY

KDSKF

KGDEF

KGDEY

MBFJF

MUFG

OSCUF

RNECF

RNECY

SCPPF

SMFG

SMFNF

SYIEF

SYIEY

TOELF

TOELY

WOSGF

Clariant

IFF Completes Divestiture Of Cosmetics Ingredients Business To Clariant

International Flavors &amp; Fragrances Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) said specialty chemical company&nbsp;Clariant AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLZNF#OTC">CLZNF</a>) has agreed to acquire its&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/10/b35483569/iff-announces-clariant-has-agreed-to-purchase-iffs-cosmetic-ingredients-business-unit" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Cosmetic Ingredients business unit for $810 million.</a>

With about 195 employees, IFF&#39;s Cosmetic Ingredients business unit has more than 2,900 customers in over 80 countries and generated approximately $100 million in revenue in the last 12 months.

Coming under IFF&#39;s Scent division, IFF&#39;s Cosmetic Ingredients business unit develops, manufactures and markets ingredients for the cosmetic and personal care industry. It provides active ingredients, functional ingredients and delivery systems, primarily through the Lucas Meyer Cosmetics brand.

The cash proceeds from the sale will be used to reduce outstanding debt. The process is a part of IFF&#39;s portfolio optimization strategy, announced in the second-quarter FY23 earnings, to strengthen the capital structure.

&quot;Aligned with our best-owner mindset, the proposed sale of our Cosmetic Ingredients business to Clariant will allow us to focus on our core businesses, maximizing growth and returns,&quot; said CEO Frank Clyburn.

The Cosmetic Ingredients business unit includes the Lucas Meyers Cosmetics and IBR brands and operates six research and development and/or production sites globally. The transaction is expected to close in the first quarter of 2024.

Price Action: IFF shares closed higher by 1.01% at $67.85 on Friday.

Clariant Agrees To Buy IFF's Cosmetic Ingredients Business Unit For $810M

Ashland (NYSE: <a class="ticker" href="/stock/ash#NYSE">ASH</a>) and Clariant (OTC: <a class="ticker" href="/stock/clznf#OTC">CLZNF</a>) today announced they have entered into a definitive agreement to sell their joint venture, ASK Chemicals GmbH headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London and New York-based private equity investment firm. The enterprise value of the transaction, before debt and assumed liabilities, amounts to €257 million. After adjusting for debt and assumed liabilities, total pre-tax proceeds to the sellers will be €149 million, which includes €128 million in cash and a €21 million buyer note. Proceeds will be split evenly between Ashland and Clariant under terms of the 50/50 joint venture. The transaction is expected to close prior to the end of Ashland's fiscal fourth quarter on September 30, 2014, and is subject to customary closing conditions, including regulatory approvals. With 1,800 employees in 25 countries, ASK Chemicals is a leading foundry chemicals manufacturer. Its portfolio encompasses an exceptionally broad and innovative range of foundry resources such as binders, coatings, feeders, filters and release agents, as well as metallurgical products including inoculants, inoculation wires and master alloys for iron casting. In 2013, ASK Chemicals generated annual revenues of €513 million.
 
 <a href="http://www.benzinga.com/pressreleases/14/04/tr4456302/ashland-inc-and-clariant-announce-agreement-to-sell-ask-chemicals-join">See full press release</a>

Guidance

Global

Ashland, Clariant to Sell ASK Chemicals JV to Rhône for €149M

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

Clariant

News

Latest news for Clariant (OTC:CLZNF) Stock

Wednesday, April 03, 2024

Monday, October 30, 2023

Wednesday, April 09, 2014