MUTTENZ, Switzerland – Specialty chemicals maker Clariant has acquired the combined companies of Rite Systems Inc. and Ricon Colors Inc., U.S. masterbatches suppliers with both liquid and solid masterbatches technology.
The company says the purchase substantially strengthens Clariant Masterbatches’ market position in North America.
Rite Systems and Ricon Colors employ approximately 150 people. They operate from three plants located in West Chicago, Ill.; Mooresville, N.C.; and Chino, Calif.; a European operation is based in Vienna, Austria.
Terms of the agreement, that transferred the businesses effective July 1, were not disclosed.