27. Acquisitions
- Index
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Bentonite mining activities
In August 2020 Clariant acquired from Jianping Cimco Mining Co. Ltd, China the activities of Clay Industrial Minerals Co Ltd by way of an asset deal for a consideration of CHF 9 million. The acquisition included a goodwill of CHF 2 million. The purpose of the transaction is to secure longer-term access to clay and to strengthen the Business Unit Functional Mineral’s foothold and the Group’s position in the Chinese Foundry market.