TAGS: Hair Care
Global Amines Company Pte. Ltd., a 50-50 joint venture of Clariant and Wilmar, has signed a definitive agreement to acquire the Global Quats and Esterquats Business from Clariant.
The acquisition is subject to regulatory approvals and is expected to close in the first half of 2023. The purchase price, subject to standard closing conditions, is set at USD 113 million.
Used in Hair Conditioners
With production assets located in Germany, Brazil, and Indonesia, the current Quats and Esterquats business of Clariant includes reputable products sold under the Praepagen® and Genamin® trademarks and has a well-established presence in the home and personal care market.
The business maintains an excellent reputation as a leading supplier of quats with proprietary technology and the products are used in a broad range of products including fabric softeners and hair conditioners.
“The Quats and Esterquats business is an ideal fit for Global Amines Company as it perfectly complements our product portfolio and our ability to offer customers the best and most competitive solutions from a complete range of Amines, Quats, Amines Derivatives, and Betaines. This will guarantee a solid business continuity on a competitive and attractive basis for an ever-stronger future growth.”
“The acquisition plays to the JV’s strategic strengths by building on Clariant’s long-standing experience in specialties chemicals and Wilmar’s position as Asia’s leading agribusiness and on its global Oleochemicals business,” said Ernesto Horikoshi, group general manager of Global Amines Company.
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Source: Global Amines
