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International Chemical Investors Group to purchase the Detergents & Intermediates business from Clariant

4 November 2013 – International Chemical Investors Group (ICIG), a Luxembourg-based privately owned industrial holding company focusing on mid-sized chemicals and pharmaceutical businesses, has entered into an agreement with Clariant, a Swiss world leader in specialty chemicals, to purchase its Detergents & Intermediates business. In 2012, the Detergents & Intermediates business generated around CHF 280 million in reported sales. The business employs around 660 employees in Europe, predominantly in Germany and France.

The total consideration of the purchase amounts to CHF 58 million, out of which CHF 20 million will be in cash. The transaction is subject to regulatory approvals.

Walder Wyss AG has acted as legal advisor to ICIG and lead counsel Shearman & Sterling LLP with respect to Swiss law. The Walder Wyss team was led by partner Markus Vischer (Corporate/M&A) and included partner Martin Busenhart (Tax) and associate Samuel Lieberherr (Corporate/M&A).

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