The Heubach Group, a global producer of pigments, and private investment firm SK Capital Partners announced today completion of the acquisition of Clariant’s Global Colorants Business (Clariant Pigments). The combined business will operate under the Heubach brand, creating a global pigment technology and industry leader headquartered in Vienna, said the news release. Terms of the transaction were not disclosed.

Heubach has a 200-plus year legacy and today is a global industry leader in the field of pigments, pigment preparations, dyes, colorants, and specialty materials. It operates 19 facilities across Europe, the Americas, Asia, and Africa, and generates approximately €1 billion in annual sales. 

“The combination of Heubach and Clariant Pigments creates an industry leader committed to the highest standards in manufacturing, quality, and service,” said Aaron Davenport, Managing Director at SK Capital. “We look forward to supporting management in the growth and improvement of the company by investing into talent, innovation, and market expansion.” SK Capital is focused on the specialty materials, chemicals, and pharmaceuticals sectors; its portfolio of businesses generate approximately $14 billion in revenue annually.

Stefan Doboczky has been appointed Heubach Group CEO, effective Jan. 10, 2022. Most recently, Doboczky served as CEO of Lenzing AG, a global leader of cellulosic fibers and biochemicals. Prior to Lenzing, he was member of the Managing Board of Royal DSM, the Dutch life science and material science group, where he spent almost two decades in various management roles. Doboczky holds a PhD in natural science from the Technical University of Vienna, as well as an MBA from IMD in Lausanne, Switzerland.