Clariant, a world leader in specialty chemicals, has closed
the sale of its water treatment business in Africa to AECI,
domiciled in South Africa, officials confirmed on
The total value of the divestment amounts to CHF 34 million
in cash at closing. The transaction was subject to certain
precedent conditions, as well as regulatory approvals.
AECI is an explosives and specialty chemicals group domiciled
in South Africa and its businesses are characterized by
application know-how and service delivery in many African
It already has a footprint in the industrial water and
municipal and wastewater markets in South Africa, supplying a
total water solution to its customers.
The former Clariant water treatment business provides
chemicals, services and engineering solutions to a wide range
of industries such as mining, automotive, food and beverage,
metals and many others. It also serves municipalities to
supply of drinking water in many African communities.
The divestment of the Water Treatment business is the
result of our continuous active portfolio management. We are
pleased to have found in AECI an owner who is able to focus
on this service driven activity, said Hariolf Kottmann,
CEO of Clariant.