Clariant buys remaining 70% of Brazilian personal care company Beraca

FILE PHOTO: A woman stands next to a logo of Swiss specialty chemicals company Clariant ahead of a news conference to present the company's full-year results, in Zurich, Switzerland, February 14, 2018. REUTERS/Moritz Hager

ZURICH (Reuters) - Clariant has bought the remaining 70% of Brazilian personal care company Beraca it did not previously own, the Swiss company said on Monday.

Clariant, which has held a 30% stake in Beraca since 2015, paid an undisclosed price to the founding Sabara family. The deal is expected to close during the fourth quarter, Clariant said.

With around 90 employees, the family-run company generated sales of $15 million in 2020.

Reporting by John Revill; Editing by Kim Coghill