Clariant Buys Colombia's Toschem, Plans Cota-Bogota Investment

By Joseph Heaven

Wednesday, October 10, 2007

(Bloomberg) -- Clariant AG, the world's second- biggest specialty chemical maker, bought Toschem, a supplier of chemicals and services to the utilities markets in Colombia today.

The Muttenz, Switzerland-based company will also invest in a new site at Cota-Bogota to combine its current operations, Clariant said today in an e-mailed statement.

Details of the price of the transaction weren't given.

To contact the reporter on this story: Joseph Heaven in Zurich at jheaven1@bloomberg.net