Clariant sells energy business

Posted date: March 02, 2015 In: News, Power Generation | comment : 0

Clariant, a world leader in specialty chemicals, today announced the completion of the sale of its Business Line Energy Storage to Johnson Matthey Plc, which was announced on October 29th,2014. The sale was closed on February 28th 2015.

“The divestment of the Energy Storage business with its LFP technology is part of our focused portfolio management and reallocating capital towards our core areas Care Chemicals, Catalysis and Energy, Natural Resources, and Plastics and Coatings,” said Hariolf Kottmann, CEO of Clariant.

The total consideration of the sale amounts to USD 75 million.