Ciba sells masterbatch business to Clariant
Ciba Specialty Chemicals has announced to sell its Masterbatch business to Clariant. The sales price was not disclosed. The divestment is expected to be concluded in the fourth quarter of 2006 after the necessary regulatory approvals. All approx. 300 employees will transfer to Clariant. The Ciba Masterbatch business, with sales of CHF 80 million, operates in Malaysia, Saudi Arabia and France.