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CLARIANT-CIBA MERGER TO FORM $13 BILLION FIRM.

Plastics News, November, 1998 by Esposito, Frank

The specialty chemicals industry is about to find out if bigger is better, as global giants Clariant AG and Ciba Specialty Chemicals AG announced Nov. 9 they are merging to create a corporate monolith with $13 billion in annual sales. Clariant of Muttenz, Switzerland, and Ciba of Basel, Switzerland, already rank No.

1 and No. 2, respectively, in sales of global specialty chemicals. Each has annual sales exceeding $6 billion. The new firm, which will be called Clariant and be based in Basel, will have more than double the sales of its nearest competitor, London-based Imperial Chemical Industries plc. Clariant will own 54 percent of the new venture. Both Ciba and Clariant produce a range of products that impact the plastics industry, including color...

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