Clariant Acquires Rite Systems/Ricon Colors

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. According to the company, the purchase substantially strengthens Clariant Masterbatches’ market position in North America, a region offering important growth opportunities and a technologically demanding customer base.
Terms of the agreement were not disclosed at press time.

Founded in 1987 and with yearly sales of approximately $50 million, Rite Systems and Ricon Colors employ approximately 150 people and operate from three strategically located plants in the U.S. in West Chicago, Ill.; Mooresville, N.C.; and Chino, Calif.; a European operation is based in Vienna, Austria. The company’s portfolio comprises about two-thirds liquid and one-third solid masterbatches.