ZURICH, March 23 Clariant would
consider another deal of similar size to Sued-Chemie, a German
chemical firm it acquired in 2011 for roughly $2 billion, its
chairman told a newspaper.
"If another Sued-Chemie came along tomorrow, then we would
look at it very carefully," Rudolf Wehrli is quoted in an
interview with Saturday's edition of Swiss daily Basler Zeitung.
The comments are more assertive than ones made in February,
when Chief Executive Hariolf Kottmann said Clariant would look
at bolt-on acquisitions to round out technological or regional
gaps, but nothing the size of Sued-Chemie.
Wehrli backed Clariant's 2015 EBITDA (earnings before
interest, tax, depreciation and amortisation) margin target of
more than 17 percent, compared with 14.9 percent achieved in
2012 and group margins of 14.3 percent a year earlier.
He didn't elaborate on targets for 2013 or 2014, which
Clariant hasn't disclosed.
The company, which sold three of its lower-margin cyclical
units late last year, is currently looking to streamline even
further with the sale of leather, detergents and intermediates
In December, Clariant sold its textile chemicals, paper
speciality chemicals and emulsions units to U.S. private equity
firm SK Capital for 502 million Swiss francs ($533.93 million)
as part of its effort to retreat from low-margin businesses.
($1 = 0.9402 Swiss francs)
(Reporting By Katharina Bart; editing by James Jukwey)