Archroma, a leading sustainable specialty chemicals and solutions provider, recently announced the completion of its acquisition of Huntsman Textile Effects, a business division of Huntsman Corporation.
The acquisition, which was first announced in August 2022, adds over 2,300 employees in 33 countries and 10 production sites to Archroma’s global workforce. With this acquisition, Archroma’s global presence has expanded to 42 countries with a total of 35 production sites.
The Textile Effects business of Huntsman, which was acquired by Archroma, will be combined with the Brand & Performance Textile Specialties business of Archroma to form a new division named Archroma Textile Effects. The new division will be led by Rohit Aggarwal, the former President of Huntsman Textile Effects, who is appointed as Divisional President & CEO of the Archroma Textile Effects division, as well as President Asia.
In addition to the acquisition of Huntsman Textile Effects, Archroma announced the restructuring of its business into two operating divisions. The Packaging & Paper Specialties and Coatings, Adhesives & Sealants businesses of Archroma have been recently combined into one new division named Archroma Paper, Packaging & Coatings. This new structure will ensure that both divisions obtain the resources and focus needed to continue providing Archroma’s customers and business partners with the superior experience and solutions they have come to expect.
Archroma is committed to supporting global megatrends and societal shifts such as circular fashion, plastic-to-paper replacement, and water-based paints and coatings, with the innovations and solutions needed to do so. Archroma is a portfolio company of US-based private investment firm SK Capital Partners.
Since its formation in 2013, Archroma has been building a comprehensive portfolio of solutions to serve the apparel, textiles, packaging, paper, coatings, adhesives, and sealants markets. The acquisition of Huntsman Textile Effects adds to the rich heritage of Archroma, with Archroma having previously acquired the global textile chemicals business of BASF, M. Dohmen, and the stilbene-based paper optical brightener business of BASF.