Smart Molding International 1-2022

6 newsfeed smart_molding international 1/2022 The Heubach Group (“Heubach”), a leading global producer of pigments and SK Capital Partners (“SK Capital”), a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, completed the acquisition of Clariant’s Global Col - orants Business (“Clariant Pigments”) this January. The combined business will operate under the Heubach brand, creating a global pigment technology and industry leader. The newly combined Heubach Group is a leading global provider of compre - hensive color solutions, supplying a broad portfolio of organic, inorganic, and anti-corrosive pigments, pigment preparations, dyes, colorants and specialty materials. The Company is a technological and quality leader and operates its global business from 19 manufacturing facilities across Europe, the Americas, Asia and Africa, employ - ing 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 cre - ate significant value for our customers and business partners across the many industries we serve.” Aaron Davenport, a Managing Direc - tor of SK Capital, noted “The combina - tion of Heubach and Clariant Pigments creates an industry leader committed to the highest standards in manufac - turing, quality and service. We look forward to supporting management in the growth and improvement of the Company by investing into talent, in - novation and market expansion.” The Heubach Group is excited to an - nounce the appointment of Stefan Dob - oczky as Chief Executive Officer of the Heubach Group, effective January 10, 2022. Mr. 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, Mr. 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 various general man - agement roles. Mr. Doboczky holds a PhD in Natural Science from the Techni - cal University of Vienna (A), as well as an MBA from IMD in Lausanne (CH). Stefan Doboczky noted “I am very ex - cited 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.” The Valence Group of Piper Sandler & Co., BofA Securities and Citigroup served as financial advisors to Heu - bach and SK Capital. Committed financ - ing for the transaction was provided by BofA Securities, Citigroup, HSBC, KeyBanc, Citizens, ING and MUFG. Lenz & Staehelin AG and Kirkland & Ellis LLP acted as legal counsel to Heubach and SK Capital. Milbank LLP acted as legal counsel to Heubach. Homburger AG acted as legal counsel to Clariant and Deutsche Bank AG served as Clariant’s financial advisor. About SK Capital SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceu - ticals sectors. The firm seeks to build strong and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating and investment experience to identify opportunities to transform businesses into higher performing or - ganizations with improved strategic positioning, growth and profitability as well as lower operating risk. SK Capital’s portfolio of businesses employs more than 20,000 people globally and oper - ates 191 plants in 32 countries. About Clariant Clariant is a focused and innovative specialty chemical company based in Muttenz, near Basel/Switzerland. On 31 December 2020, the company em - ployed a total workforce of 13,235. The company reports in three business ar - eas: Care Chemicals, Catalysis and Natural Resources. Clariant’s corporate strategy is based on five pillars: focus on innovation and R&D, add value with sustainability, reposition portfolio, in - tensify growth, and increase profit - ability. Heubach www.heubachcolor.com Heubach and SK Capital closed acquisition of Global Colorants Business of Clariant