Clariant operating in mining business: two new M&A deals announced

Switzerland-based multinational Clariant announced today before markets (Zürich) opened that it has acquired the Australia-based Chemical & Mining Services, Pty. Ltd. The Australian company is specialized in manufacturing and marketing chemicals for the mining industry and operates primarily in Australia. Simultaneously, Clariant announced it has acquired the US-based SNF Flomin, operating in the mining industry itself. Chemicals for the mining industry now appear a core business for the Swiss company, which has recently opened a technical center in Tucson (Arizona). The parties have not provided the financial details of the transaction. (Source Clariant)