Clariant Masterbatches Benelux S.A and European Masterbatches NV (EMB), a subsidiary of Sioen Industries, have agreed to business acquisitions in Europe that the companies believe will strengthen both their respective businesses.
Clariant will purchase Sioen-EMB masterbatches, currently being produced in Bornem, Belgium, while EMB will acquire from Clariant Masterbatches (St Jeoire) PVC pigment pastes made by Clariant in St. Jeoire, France. The agreements are still subject to the necessary approvals of the regulatory authorities.
The transactions cover customer and product portfolios and some manufacturing equipment, but not personnel or properties. Both companies will shift manufacturing to their own sites.
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