Manufacturer of pigment Heubach Group and SK Capital Partners, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, have completed the acquisition of Clariant’s Global Colorants Business (Clariant Pigments). The combined business will operate under the Heubach brand.
The newly combined Heubach Group will provide comprehensive colors, supplying a broad portfolio of organic, inorganic, and anti-corrosive pigments, pigment preparations, dyes, colorants and specialty materials. The company operates its global business from 19 manufacturing facilities across Europe, the Americas, Asia and Africa, employing approximately 3,000 people. The headquarters of the Heubach Group will be established in Vienna, Austria.
Johann Heubach of the Heubach Group, stated: ‘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, a managing director of SK Capital, noted: ‘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.’
The Heubach Group has also appointed Stefan Doboczky as CEO 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 member of the Managing Board of Royal DSM, the Dutch life science and material science group, where he spent almost two decades in several general management roles. Doboczky holds a PhD in Natural Science from the Technical University of Vienna (A), as well as an MBA from IMD in Lausanne (CH).
‘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,’ Doboczky noted.
The Valence Group of Piper Sandler & Co., BofA Securities and Citigroup served as financial advisors to Heubach and SK Capital. Committed financing for the transaction was provided by BofA Securities, Citigroup, HSBC, KeyBanc, Citizens, ING and MUFG. Lenz & Staehelin and Kirkland & Ellis acted as legal counsel to Heubach and SK Capital. Milbank acted as legal counsel to Heubach. Homburger acted as legal counsel to Clariant and Deutsche Bank served as Clariant’s financial advisor.