Clariant acquires remaining shares of Companhia Brasileira de Bentonita
- Further expansion of bentonite business
- Secures raw clay reserves for Clariant's bleaching earth operations
- Complements strategy to develop revenue opportunities in emerging markets
CBB has a strong market position for products for Iron Ore Pelletizing (IOP), foundry, oil & mining drilling and civil engineering in Latin America. The transaction provides Clariant’s Business Unit Functional Minerals (BU FM) with a modern plant and it secures strategic raw clay reserves for its growing bleaching earth operations in Jacareí, Brazil. Clariant's joint control of CBB has enabled Functional Minerals to enter the attractive South American markets for foundry and IOP and to introduce high quality products and solutions to customers.
"The acquisition is in line with our strategy to capture profitable growth opportunities in emerging markets", said Hariolf Kottmann, CEO of Clariant. "CBB offers excellent access to markets with great potential for our existing business and for future innovations, e.g. in agriculture or feed additives."
Sven Schultheis, Head of BU FM, said: "The investment reflects Clariant’s commitment to the growing bentonite business in Latin America. It strengthens our global position and gives us the opportunity to fully implement the technology and application know-how proven and applied around the world."