19 Dec 2019 --- Swiss chemical company Clariant has agreed to sell its plastics Masterbatches business to PolyOne, a plastics material and resin manufacturing company, for approximately US$1.6 billion. Clariant’s Masterbatches business offers color and additive concentrates and performance solutions for plastic products, packaging or fibers. The transaction value represents around 12 times the last twelve months reported EBITDA (ending September 2019) on a cash and debt-free basis. This amount is payable at closing, which is expected by Q3 2020.
