Clariant and Huntsman Announce Merger

Clariant and Huntsman Announce Merger


Clariant and Huntsman Corporation announced a merger of equals through an all-stock transaction. The merged company will be named HuntsmanClariant. The transaction is targeted to close by year end 2017, subject to Clariant and Huntsman shareholder approvals, regulatory approvals, and other customary closing conditions. On a pro forma basis, the combination will create a leading global specialty chemical company with sales of approximately $13.2 billion, an adjusted EBITDA of $2.3 billion, and a combined enterprise value of approximately $20 billion at announcement.

Global Headquarters will be in Pratteln, Switzerland, the Operational Headquarters in The Woodlands, TX, USA. The combined company will be governed by a Board of Directors with equal representation from Clariant and Huntsman. Hariolf Kottmann, current Clariant CEO, shall become Chairman of the Board of HuntsmanClariant. Peter Huntsman, current Huntsman President and CEO, will become CEO of HuntsmanClariant. Jon Huntsman, founder and Chairman of Huntsman, shall become Chairman Emeritus and board member of HuntsmanClariant.

The company will be listed on the SIX Swiss Exchange and the New York Stock Exchange. Huntsman shareholders receive 1.2196 shares in HuntsmanClariant for each Huntsman share, each existing Clariant share will remain outstanding as a share in HuntsmanClariant.

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