He Plans To Sell Leather Chemicals To Stahl.

Swiss chemical manufacturing expert clariant (Clariant) recently announced plans to sell the group leather chemicals business to Starr (Stahl) Limited by Share Ltd. The Holland Starr company is a Wendel group, a company dedicated to providing customers with high quality finishing agents and related products suitable for leather, flexible and non flexible substrates and textiles.

Starr also produces chemicals and dyes needed for the leather processing industry, including Leatherwear Dyeing and finishing chemical products. After the integration of the two companies' business, using the important synergy potential, they will have better growth potential than the past ones, and will create a global leader in leather industry.

According to the proposed transaction, as the sale of leather chemicals business, the company will receive a 23% stake in Starr and receive a cash payment of nearly 85 million Swiss francs. The transaction can be completed in 2014 after necessary management review and staff consultation. Wendel still occupies an important shareholder position by holding a 70% stake in Starr company.

CEO Harloff Ktman (Hariolf Kottmann) on the leather chemical business transfer view is that: through the creation of leather leather industry leader, he will actively participate in the leather chemical industry joint goal. For the company, this integration marks a huge repositioning of the group's business portfolio. The company is now in a more favorable position and will focus on customer and innovation, tap strong market opportunities and promote growth.

Starr CEO Huub (Huub van Beijeren) added: "by acquiring the leather business of the Corleone group, the company will increase the geographical scope of services and strengthen the leading position of Starr in leather finishing products, including increasing market share and upgrading the scope of technology solutions."

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He is the world's leading specialty chemicals company. The company has a large business relationship and is committed to providing excellent service and extensive application plan to customers, so as to become the preferred business partner of customers.

The global organization network of colon is distributed on five continents, consisting of more than 100 group companies. The company is headquartered in Muttenz, Switzerland, near Basel. The existing 23000 employees, annual sales volume is more than 8 billion 200 million Swiss francs.

The products and services of the four departments of the company include textiles, leather and paper chemicals, pigments and additives, masterbatch, functional chemicals, etc.

The success of our work depends entirely on the excellent professional knowledge and skills of our employees. Our employees understand the challenges faced by our customers, so that our products can meet their unique needs. We will work together with our clients to put forward a convincing solution. And play a key role in the customer's manufacturing process to enhance their final products. In Clair, our combination is customer first, close to the market, and 135 years of experience in the chemical industry.