SABIC closes acquisition of Clariant’s 50% stake in Scientific Design

14/04/2022 Argaam
Logo ofSaudi Basic IndustriesCorp. (SABIC)

Logo of Saudi Basic Industries Corp. (SABIC)

Saudi Basic Industries Corp. (SABIC) announced today, April 14, completing a deal to buy Clariant’s 50% stake in specialties company Scientific Design, currently a 50/50 joint-venture with SABIC.  

 

Scientific Design focuses on the delivery of high-performance catalysts, technology licenses, and technology services.

 

On Feb. 2, SABIC signed an agreement to acquire Clariant’s 50% stake in Scientific Design Company Inc., Argaam reported.

 

Scientific Design is headquartered in New Jersey, the US. It has operated as a joint venture for almost 20 years following SABIC’s 50% acquisition of the business in 2003.

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