Clariant has signed an agreement to acquire the assets of Euromaster, a limited liability company based in Russia specialising in the manufacture of masterbatches
The planned transaction covers Euromaster's fixed assets including land, buildings and equipment, as well as current assets such as Euromaster's inventory. Also, under the agreement all 48 Euromaster employees will move to Clariant. The transaction, which was approved by the Federal Antimonopoly Service of the Russian Federation, is for an undisclosed sum. The planned acquisition will enable Clariant to further expand its portfolio of locally-focused, service-driven businesses. It will enhance the company’s ability to service international accounts and local converters with a full range of locally produced masterbatches. With its headquarters in Nizhnekamsk in the Republic of Tatarstan, Russia, Euromaster manufactures masterbatches and special additives for the Russian market.