#Achroma mort software
Achroma is based on a model-view-controller (MVC) software architecture. Achroma is a software tool for the analysis of spectrometric data it is our hope that explaining the software strategy and the working modules behind Achroma may give analysts a better understanding of how (bio-)informaticians work out software solutions, thus facilitating the interaction between these two expert groups. Bioinformaticians typically program these software tools however, analysts and bioinformaticians have distinct views on these data. BofA Securities served as Huntsman Corporation’s financial advisor and Kirkland & Ellis LLP acted as their legal counsel.Today, (bio-)analytical researchers use various software tools for improving data analysis and the evaluation of their experimental results. Latham & Watkins LLP provided corporate legal advice and Kirkland & Ellis LLP provided financing legal advice to Archroma. Citi served as financial advisor to Archroma.
At a time when we are seeing robust growth trends in sustainability, the merger will position us firmly to accelerate growth and drive significant value for our customers, employees, and stakeholders,” said Rohit Aggarwal, President of Huntsman Textile Effects.Ĭlosing of the transaction is subject to customary conditions and approvals and is expected to take place in the first half of 2023. We are excited by what we will be able to achieve together. “The combination of Archroma and Textile Effects is transformational, bringing together two highly complementary organizations with strong cultures of innovation and a shared commitment to inspire advancements in the textile industry. “ Innovative and transformative leadership is not built overnight, and we are eager to work together with the people who made that happen at Huntsman Textile Effects.” We are delighted to welcome a team of highly talented people”, adds Heike van de Kerkhof. “ With this agreement, two committed leaders in sustainable and innovative solutions unite to pave the way towards a more sustainable textile industry. “ We at Archroma are so very excited to announce what we see as a merger of equals”, comments Heike van de Kerkhof, CEO of Archroma. “ Finally, we have achieved a dream of combining the technologies, products and capabilities of the legacy pioneers of the textile industry, namely Ciba, Sandoz, Hoechst and BASF, into a modern and cohesive enterprise that is focused on delivering innovative and sustainable systems and solutions to serve the evolving needs of today’s textile industry.” “ I am thrilled to see the combination of Huntsman Textile Effects and Archroma”, said Barry Siadat, Co-founder of SK Capital Partners and Chairman of Archroma. The combination with Textile Effects and its rich historical roots of Huntsman and Ciba Specialties will create a technology powerhouse that will include Archroma’s legacy heritages of Sandoz, Hoechst, Clariant, BASF and Dohmen who have been at the cutting edge of the textile industry for decades, and together will continue to serve customers for years to come.īoth Archroma and Textile Effects are founding members of Sustainable Chemistry for the Textile Industry (SCTI), an alliance of leading chemical companies that strives to empower the textile and leather industries to apply sustainable, state-of-the-art chemistry solutions that protect factory workers, local communities, consumers and the environment.īoth companies have been recognized by the industry and are each recipient of multiple awards for supplying sustainable systems and solutions in dyes and chemicals that enable fashion brands, retailers, and textile manufacturers to create articles that are better for consumers and the planet.
#Achroma mort series
Since its formation in 2013, through a series of mergers & acquisitions, as well as internal investments in R&D, manufacturing and service capabilities, Archroma has been building a comprehensive portfolio of solutions to serve the emerging needs of the textile industry. Pratteln, Switzerland, 9 August 2022 – Archroma, a global leader in sustainable specialty chemicals and solutions and a portfolio company of U.S.-based private investment firm SK Capital Partners (“SK Capital”), today announced it has entered into a definitive agreement to acquire the Textile Effects business (“Textile Effects”) from Huntsman Corporation.
The combined company will continue to lead the textile industry in sustainability, innovation, and performance offering fashion brands, automotive, technical and home textiles the best-in-class cost performance whilst respecting natural resources and the planet.
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