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2006-10-04 News Release

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Ciba Specialty Chemicals sells Masterbatch unit

Masterbatch business of Ciba Specialty Chemicals changes hands to become part of a leading industry player, with a global presence in this field.

Ciba Specialty Chemicals has announced that it has signed an agreement 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 approximately 300 employees will transfer to Clariant, the Basel-based, specialty chemicals company. The Ciba Masterbatch business, with sales of CHF 80 million, operates in Malaysia, Saudi Arabia and France.

Find Information and Suppliers of Masterbatch products.

Armin Meyer, Chairman of the Board and CEO of Ciba Specialty Chemicals comments: “We have decided to divest the Masterbatch business as part of our strategic portfolio management, aiming to further strengthen our focus on the core businesses, Plastic Additives, Coating Effects and Water & Paper Treatment. Within the plastics market, we will continue to leverage our core competencies in the research, development, manufacturing and distribution of high performance additives and pigments.

We are convinced the divestment is the best solution also for the Masterbatch business, as it will become part of a leading industry player, with a global presence in this field.”

A masterbatch is a customized blend of additives or pigments dispersed in customer specific resin and concentration intended for direct molding or extrusion.

For Clariant this will further strengthen its globally leading position for color and additive concentrates for plastic products. The acquisition will help Clariant’s Masterbatches division to optimize its service capabilities to the European countries and to enhance its presence in the fast growing Middle Eastern and Asia Pacific markets.

“The acquisition of Ciba’s masterbatches business perfectly fits into Clariant’s strategy of expanding number one market positions and driving growth in service-driven businesses. It gives us the opportunity to leverage our technological expertise and to further provide innovative solutions”, said Chief Executive Officer Jan Secher.

Find Information about Ciba Specialty Chemicals.

Read a recent press release about - New printing and paper science professorship in Finland sponsored by Ciba Specialty Chemicals with focus on physico-chemical properties of paper surfaces and interfaces.

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