Clariant could make small buys, transformational buys not planned
Clariant, the Swiss chemicals group, will make bolt-on buys but is not planning transformational acquisitions at the moment, Basler Zeitung reported. Clariant Chief Executive Hariolf Kottmann told the Swiss daily that bolt-on buys are always possible and easy to finance, but transformational buys are more complex and are not planned at the moment.
Regarding speculation in 2014 that Clariant is a takeover candidate and asked if independence is a strategic premise, Kottmann said he would be disappointed if other companies were not interested, but noted that the industry is not known for hostile takeovers. Kottmann said talks have, and will always take place within the industry but he is convinced Clariant is better off alone and not as a division of a larger group.
Clariant reported a turnover of CHF 6.116bn in 2014, the report stated.
Basler Zeitung