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Archroma recently announced it has launched as a newly formed global color and specialty chemicals company that comprises the former Textile Specialties, Paper Solutions and Emulsion Products businesses of Clariant. The three businesses were acquired by SK Capital Partners, a U.S.-based private investment firm with a focus on the specialty materials, chemicals and healthcare sectors.
To be led by CEO Alexander Wessels, the newly recruited senior leadership team intends to seek to generate a renewed sense of purpose and vision, and will work closely with the current heads of the three businesses acquired from Clariant.
“We’re open for business with a new name and a financially strong and knowledgeable parent who believes in our technology, brand and leading market positions,” said Wessels. “I’m proud to join a company with a 120-year-long history of providing a portfolio of world-class products and driven by a team of highly talented people who bring fresh thinking and ideas to an industry hungry for innovation.”
“The successful closing of the transaction is the next step in repositioning Clariant’s portfolio toward higher growth, higher profitability businesses,” Hariolf Kottmann, CEO of Clariant.