Clariant buys BASF clay biz property for $60 million sustainable bid According to Reuters

© Reuters. FILE PHOTO: The logo of Swiss specialty chemicals company Clariant is seen at the company’s headquarters in Pratteln, Switzerland August 9, 2017. REUTERS / Arnd Wiegmann / File Photo

ZURICH (Reuters) – Swiss specialty chemicals maker Clariant on Tuesday said it would buy assets from German competitor BASF in North America in a $60 million cash deal. la will help develop its sustainable business.

Clariant said it expected to complete the acquisition of the assets of BASF’s attapulgite business in the United States – one of the largest mining and manufacturing of clay materials, which Clariant said may be possible. helping to eliminate pollutants in renewable fuel production – by summer 2022.

“This acquisition is highly aligned with our growth strategy to grow through sustainability-focused innovations and rapid acquisition,” Clarient CEO Conrad Keijzer said in a statement. announced and added that it would improve its position in the field of renewable fuel filtration.

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