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Clariant to buy BASF clay biz assets in $60 million sustainable bid

Published by maria gbaf

Posted on December 29, 2021

1 min read

· Last updated: January 28, 2026

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Clariant to Acquire BASF's Clay Assets in $60M Sustainable Deal

ZURICH (Reuters) – Swiss specialty chemicals maker Clariant said on Tuesday it would purchase assets from German competitor BASF in North America in a $60 million cash deal that will help grow its sustainable business.

Clariant said it expects to complete the purchase of the assets of BASF’S U.S. attapulgite business–one of the largest miners and producers of the clay material, which Clariant said can help remove contaminants in renewable fuel production–in the summer of 2022.

“This acquisition fits very well with our growth strategy to grow through sustainability-focused innovations and bolt-on acquisitions,” Clarient Chief Executive Conrad Keijzer said in a statement, adding it would improve its position in renewable fuels purifications.

(Reporting by Brenna Hughes Neghaiwi; Editing by Riham Alkousaa)

Key Takeaways

  • Clariant to buy BASF's U.S. attapulgite business for $60 million.
  • The acquisition aims to enhance Clariant's sustainable business.
  • Clariant focuses on renewable fuel purification with this deal.
  • The deal is expected to close in the summer of 2022.
  • Clariant's growth strategy includes sustainability-focused innovations.

Frequently Asked Questions

What is the main topic?
The main topic is Clariant's acquisition of BASF's U.S. clay assets to enhance its sustainable business.
Why is Clariant acquiring BASF's assets?
Clariant aims to boost its sustainable business and improve its position in renewable fuel purification.
When is the acquisition expected to be completed?
The acquisition is expected to be completed in the summer of 2022.

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