The Swiss specialty chemicals group Clariant has signed an agreement to acquire the remaining 40% share of a joint venture between the Holding company Alvigo, based in Tallin/Estonia and Süd-Chemie, in the meantime acquired by Clariant.

The Süd-Chemie Alvigo Catalysts (SCAC) is a producer of syngas catalyst, based in the Ukraine. The signing of the transaction took place at the end of June, closing is subject to merger control approval. The purchase price has not been disclosed.