Clariant, Kilfrost pull out of acquisition

Speciality chemicals business Clariant have terminated the agreement they entered into last November to acquire the European aircraft and rail de-icing businesses of Kilfrost.

Both companies expected the proposed merger to result in benefits to shareholders, customers and other stakeholders but have agreed to withdraw from the proposed transaction due to commercial reasons and challenges in obtaining regulatory approval in the United Kingdom.

In 2015, Clariant acquired the Kilfrost de-icing business in North America and Asia. This transaction is already closed and remains uneffected by the present decision.

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