By: ICN Bureau
Last updated : April 10, 2024 1:12 pm
Heubach announced the appointment of Stefan Doboczky as CEO
The Heubach Group, a leading global producer of pigments and SK Capital Partners (SK Capital), a private investment firm focused on specialty materials, chemicals, and pharmaceuticals sectors, announced the completion of the acquisition of Clariant’s Global Colorants Business (Clariant Pigments).
The combined business will operate under the Heubach brand, creating a global pigment technology and industry leader.
The newly combined Heubach Group is a leading global provider of comprehensive color solutions, supplying a broad portfolio of organic, inorganic, and anti-corrosive pigments, pigment preparations, dyes, colorants, and specialty materials. The company is a technological and quality leader and operates its global business from 19 manufacturing facilities across Europe, the Americas, Asia and Africa.
As announced upon signing of the transaction, the base enterprise value of the sale amounts to CHF 805 million subject to closing accounts adjustments and before a potential earn-out payment of CHF 50 million which is subject to the business' 2021 financial performance. Clariant rolled over approximately CHF 115 million to retain a 20% stake in the new holding company, alongside Heubach and SK Capital. This combined business is a global pigments player with approximately 3000 employees generating approximately EUR 1 billion in annual sales with strong service and production capabilities across the globe. Consequent to this deal, our ultimate global holding company will be the newly combined Heubach Group.
Johann Heubach of the Heubach Group said, “The new Heubach is a world-class organization with great talent, technology and assets. For us, product excellence and sustainability are core. We are well-positioned to create significant value for our customers and business partners across the many industries we serve.”
Aaron Davenport, Managing Director, SK Capital said, “The combination of Heubach and Clariant Pigments creates an industry leader committed to the highest standards in manufacturing, quality and service. We look forward to supporting management in the growth and improvement of the Company by investing into talent, innovation and market expansion.”
In another development, the Group has announced the appointment of Stefan Doboczky as Chief Executive Officer of the Heubach Group, effective January 10, 2022. Doboczky joins the Heubach Group having most recently served as CEO of Lenzing AG, a global leader of cellulosic fibers and biochemicals. Prior to Lenzing, Doboczky was a member of the Managing Board of Royal DSM, the Dutch Life Science and Material Science Group, where he spent almost two decades in various general management roles.
Doboczky said, “I am very excited to join the new Heubach Group. I am convinced that by combining these successful businesses we will create a powerful offering for our customers in the pigment and colorant space.”