Private equity firm SK Capital Partners won the auction for Clariant’s (SWX: CLN) textile chemicals, paper specialties and emulsions businesses with a $500 million bid.

According to SK managing director Barry Siadat, the firm had been in talks with Clariant since May.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.