Logo of Saudi Basic Industries Corp. (SABIC)
Saudi Basic Industries Corp. (SABIC) announced today, April 14, completing a deal to buy Clariant’s 50% stake in specialties company Scientific Design, currently a 50/50 joint-venture with SABIC.
Scientific Design focuses on the delivery of high-performance catalysts, technology licenses, and technology services.
On Feb. 2, SABIC signed an agreement to acquire Clariant’s 50% stake in Scientific Design Company Inc., Argaam reported.
Scientific Design is headquartered in New Jersey, the US. It has operated as a joint venture for almost 20 years following SABIC’s 50% acquisition of the business in 2003.
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