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Clariant

Clariant

Clariant is a Switzerland-based provider of specialty chemicals.

Overview

Clariant is a specialty chemicals company based in Muttenz, Switzerland. The company was founded in 1995 when Martin Syz, then head of Sandoz AG's chemicals division, was tasked by Sandoz with developing a business plan for an independent specialty chemicals company. As of 2021, Clariant's Executive Committee is made up of Conrad Keijzer (CEO), Hans Bohnen (Executive VP and COO), Bernd Hoegemann (Executive VP and Chief Transformation Officer), and Stephan Lynen (Executive VP and CFO).

History

Clariant was founded in 1995 by Martin Syz as a spin-out of Sandoz AG's Chemical division. At its inception, Syz served as the company's CEO, with Rolf W. Schweizer as Chairman of the Board of Directors. Clariant cites both men as being "key figures" in their founding phase.

Clariant acquired Zipperling Kessler & Co. in 1996 and Specialty Chemicals of Hoescht AG in 1997, with the latter acquisition quadrupling their number of employees and pushing sales to almost 10 billion swiss francs. In 1998, Clariant adopted the company slogan "Exactly Your Chemistry," and bought companies based in Mexico and Korea. Rolf W. Schweizer also took on the responsibility of CEO after a previously announced merger with competitor Ciba fell through at the end of the year.

Hoest AG sold its 45% stake in Clariant in 1999. In 2000, Clariant acquired the specialty chemicals company British Tar Products (BTP) on what the company called "much too costly terms." The move had significant impact on Clariant's balance sheet for many years afterward. As a result of the BTP acquisition, Clariant had to divest several parts of its business operations in the years following. The position of CEO changes hands many times in the aftermath of the BTP deal.

Clariant began to see improvements in 2003 and onward under the leadership of CEO Roland Lösser, who manages the company's balance sheet and reduces costs. In 2006, Clariant acquired Ciba Masterbatches. During the 2008 financial crisis, chemist Hariolf Kottman became Clariant's CEO, a move the company calls a "turning point." The years after this are marked by mass restructuring, with Clariant separating their four divisions into eleven business units, closing small and unprofitable locations and moving their headquarters to Clarient tower in Pratteln.

Clariant made many acquisitions in the US, Canada, and Germany in 2011, and began further specialization in the years following. This includes building a 6,000 square meter Biotech facility near Munich in 2015 and employing more than one hundred specialists there. After a failed merger with US chemical company Huntsman in 2017, Clariant continued to shift organizational structures around the company. In 2020, Clariant successfully sold the masterbatches business to Avient (formerly PolyOne) and selected Conrad Keijzer as its new CEO, a position he started on January 1, 2021.

Industries

Clariant has offices in over fifty countries and is a global provider of specialty chemicals in a wide variety of industries:

  • Agriculture and Animal Feed
  • Automotive and Transportation
  • Aviation
  • Building and Construction
  • Chemical Intermediates
  • Coatings, Paints and Inks
  • Consumer Goods
  • Digital Printing
  • Electronics
  • Food, Beverage, and Edible Oil
  • Home Care
  • Industrial Manufacturing
  • Mining
  • Oil and Gas
  • Packaging
  • Personal Care
  • Plastics and Polymers
  • Refinery and Petrochemicals
  • Textile
  • Waste Management

Timeline

January 1, 2021
Conrad Keijzer becomes Clariant CEO.
2020
Clariant sells its masterbatches business to Avient (formerly PolyOne).
2017
A proposed merger with US company Huntsman falls through.
2015
Clariant's new 6,000 square meter Biotech Center begins operations.
2013
The Clariant Innovation Center is opened in Höscht.
2012
Clariant invests nearly 100 million euros into the Clariant Innovation Center Frankfurt-Höscht and opens a pilot plant in Straubing that produces bioethanol from from agricultural residues.
2011
Clariant acquires Octagon Process LLC (US), Prairie Petro-Chem (Canada), Oberhausen Technology Center (Germany), and Süd-Chemie (Germany).
2010
Clariant's executive committee is downsized from seven to four members.
2009
Clariant begins internal restructuring, separating its four divisions into eleven Business Units, closing down small offices, and moving its headquarters to Clariant Tower in Pratteln.
2008
Hariolf Kottman becomes CEO of Clariant.

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
SI Reporter
March 12, 2021
@bsindia
Under the terms of the proposed agreement, India Glycols will contribute its renewable Bio-EO Derivative business to the joint venture
Mibcon NDC s.r.o.
March 9, 2021
www.prnewswire.com:443
Clariant et Mibcon NDC signent un accord de coopération pour améliorer et automatiser le processus de prévision du coût des produits en coopérant au...
November 10, 2020
WebWire
Henkel Adhesive Technologies has awarded the performance of its strategic partners with its annual Supplier Awards. With these recognitions the business unit honors the close and successful collaboration across its value chains. This year the companies Cabot, Clariant and Wanhua have been awarded in the three categories of Operational Excellence, Sustainability and Innovation. "The close collaboration between Henkel and our strategic suppliers is a key success factor to drive value for ou...
Reuters Editorial
March 3, 2020
U.S.
Chemical giant Saudi Basic Industries Corporation (SABIC) <2010.SE> said on Tuesday that it had raised its stake in Swiss chemicals maker Clariant to 31.5% from 25%.
Reuters Editorial
February 12, 2020
U.S.
Clariant Chief Financial Officer Patrick Jany is exiting for a post at Maersk , the world's biggest shipping company, marking the latest management change at the Swiss speciality chemicals maker after its CEO jumped ship last year.

References

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