Global Amines, a 50-50 joint venture between Clariant and Wilmar, is to acquire the global quats and esterquats business from Clariant for $113 million.
The acquisition is subject to regulatory approvals and is expected to close in the first half of 2023.
With production assets located in Germany, Brazil and Indonesia, the quats and esterquats business of Clariant includes products sold under the Praepagen and Genamin trademarks in the home and personal care market.
The business is a leading supplier of quats with proprietary technology and the products are used in a broad range of products including hair conditioners.
“The quats and esterquats business is an ideal fit for Global Amines as it perfectly complements our product portfolio and our ability to offer customers the best and most competitive solutions from a complete range of amines, quats, amines derivatives and betaines,” said Ernesto Horikoshi, group general manager of Global Amines.
“The acquisition plays to the JV’s strategic strengths by building on Clariant’s long-standing experience in specialties chemicals and Wilmar’s position as Asia’s leading agribusiness and on its global oleochemicals business,” he added.