Clariant is a global leader in the field of specialty chemicals. Headquartered in Muttenz, Switzerland, Clariant businesses are organized into four divisions: Textile, Leather and Paper Chemicals; Pigments and Additives; Masterbatches; and Functional Chemicals.

Clariant planned to demolish a facility in Mount Holly, North Carolina. According to initial estimates from demolition contractors, the company would expect to pay $1 million to demolish the plant. Under their plans, Clariant staff would have to spend an enormous amount of time managing the project with a result of a million dollar loss to the company.

EquipNet developed and implemented an asset divestment strategy for the facility that included redeployment of equipment to other Clariant sites; liquidation of idle assets (including equipment and MRO/spare parts) through a variety of sales channels; scrap; demolition planning; and on-site project management.

EquipNet’s comprehensive divestment strategy and demolition plan recovered a total of $2 million for the company, as compared to the anticipated loss of $1 Million quoted by the demolition contractors. Equipment sales generated $1.6 Million and $600,000 was saved by redeploying assets to another location, helping Clariant avoid the unnecessary cost of purchasing equipment that the company already owned.