Clariant AG (Muttenz, Switzerland; www.clariant.com) has signed an agreement to divest its textile chemicals, paper specialties and emulsions businesses to SK Capital, a U.S.-based private investment firm with a focus on the specialty materials, chemicals and healthcare sectors. The divestment has been approved by the Boards of both companies. Subject to regulatory approvals, the transaction is expected to close by the end of the second quarter of 2013. The total consideration of the sale amounts to approximately 502 million Swiss francs (CHF).