Clariant and Huntsman Corporation to combine in a merger of equals
01 June 2017
Clariant and Huntsman Corporation have announced that their Boards of Directors have unanimously approved a definitive agreement to combine in a merger of equals through an all-stock transaction. The merged company will be named HuntsmanClariant. The combination of both companies will create a global specialty chemical company with sales of approximately USD 13.2 billion, an adjusted EBITDA of USD 2.3 billion, and a combined enterprise value of approximately USD 20 billion. The combined entity will benefit from each other’s strengths, with a significantly improved growth profile in highly attractive end markets and geographies. According to the announcement, HuntsmanClariant will leverage shared knowledge in sustainability and boast a much stronger joint innovation platform. This will enable the development of new products in order to deliver superior returns and drive shareholder value.