What is the relationship between Clariant and ReVenture?
Clariant acquired the site in 1985 and with its purchase also acquired the contamination that was caused by the previous owners. While Clariant did not cause the contamination, they have worked diligently to clean it up. They have spent approximately $40 million remediating the site since they acquired it in 1985 and substantial progress has been made. ReVenture is partnering with Clariant to continue and significantly enhance the remediation activities on the site.