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Aviation de-icing acquisition to expand Clariant's North American capabilities

  • Clariant acquires Octagon Process LLC
  • Transaction benefits include expanded geographic footprint, improved reliability of supply, logistical  and sourcing strengths
  • Expansion complements companies' existing business, offers growth in "greener" de-icing alternatives and enhanced technological innovation
  • Terms of transaction not disclosed

 MUTTENZ, March 21, 2011 - Clariant, a leading supplier of de-icers for aircraft and runways in Europe, is expanding its capabilities in the North American de-icer market by acquiring Octagon Process LLC, a privately-held company based in N.Y.  As a result of the acquisition, Clariant will provide customers a broader supply-chain network and enhanced geographic scope.

 Terms of the transaction were not disclosed.

 Through this acquisition, we will be better able to serve the region's air carriers, airports and service providers through an expanded geographic footprint.  We expect that our customers will benefit greatly from enhanced product and service offerings, consistent and reliable supply, and the logistical and sourcing strengths of a truly global organization," said John Clarke, Head of Clariant's Industrial & Consumer Specialties business in North America. 

 Through the addition of Octagon's robust infrastructure and logistics network, Clariant will be able to offer a sustainable and ready supply of Type I, Type III and Type IV aircraft de-icing and anti-icing fluids on a national basis, complemented by its existing line of runway de-icing products.

 Joe McGrail, president of Octagon Process LLC, said, "We are extremely pleased to join forces with a worldclass company like Clariant which offers a strong global network of excellent sourcing, logistics, and service and market-support capabilities.  Together we can better meet the needs of our market, develop innovative new products and provide outstanding service to our customers.  It's a win-win."

 The combination of the businesses is expected to expand sales opportunities for increasingly popular "greener" de-icing technologies. The combined businesses will be able to offer innovative, proprietary and environmentally responsive products and systems for recycling and fluid-management.   These types of services will help American airports comply with stricter federal guidelines for the collection of sprayed de-icing fluid being introduced by the U.S. Environmental Protection Agency.

 "Overall, the combination of Clariant and Octagon represents clear advantages to our customers in terms of innovation, broader supply and technical support capabilities, and environmental sustainability," said Mathias Luetgendorf, Clariant Executive Committee member.

 Michael Willome, head of Clariant's global Industrial & Consumer Specialties business commented, "We are pleased to be joining with our new colleagues at Octagon in serving our customers together."

  -ends-

 

 Media Contact

 

Stefanie Nehlsen

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Clariant Media Center

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 Investor Relations Contact

 

Siegfried Schwirzer

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Clariant - Exactly your chemistry.

Clariant is a global leader in the field of specialty chemicals. Strong business relationships, commitment to outstanding service and wide-ranging application know-how make Clariant a preferred partner for its customers. Clariant, which is represented on five continents with more than100 group companies, employs around 16,200 people. Headquartered in Muttenz near Basel, Switzerland, it generated sales of CHF 7.1 billion in 2010. Clariant is organized into 10 Business Units: Additives; Detergents & Intermediates; Emulsions; Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; and Textile Chemicals. Clariant is committed to sustainable growth, which is derived from its own innovative strength. Clariant's world-class products and services play a key role in its customers' manufacturing processes and add value to their end products. The company's success is based on the know-how of its people and their ability to identify new customer needs at an early stage and to work together with customers to develop innovative, efficient solutions.

www.clariant.com

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