Huntsman Corporation (NYSE: HUN) announced construction has commenced on the 30-ton MIRALON® carbon nanotube materials plant, originally announced at Huntsman’s 2021 Investor Day event. The new plant, which converts methane gas to carbon nanotubes and clean-burning hydrogen, will be one of the largest of its kind in the Americas. It represents a major step forward in … Read more
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 … Read more
Huntsman Corporation announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28, 2023. The agreed purchase price was $593 million in cash plus assumed pension liabilities, and Huntsman … Read more
Huntsman Corporation (HUN) Tuesday announced plans to review strategic options for its Textile Effects Division. The Board of Directors has authorized management to conduct a strategic review of the Textile Effects Division, which is headquartered in Singapore, including a possible sale of the division. The review will begin early in the first quarter of 2022. … Read more
Huntsman Corp. announced that its Performance Products division has completed the initial phases of a project to expand and widen its portfolio of E-GRADE specialty amines at its Conroe, Texas facility. These specialty amines also include quaternary amine alternatives to tetramethylammonium hydrox-ide (TMAH) and related products. The new facility is expected to be completed and … Read more
Huntsman Corp. announced its agreement to acquire Gabriel Performance Products from funds owned by Audax Private Equity. Under the terms of the agreement, Huntsman will pay $250 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. Gabriel is a North American specialty chemical manufacturer of specialty additives and epoxy curing … Read more
Pidilite Industries Ltd announced that the company has completed the acquisition of 100% stake in Huntsman Advanced Materials Solutions Private Limited (HAMSPL), on 3rd November 2020. As such, HAMSPL will now be a subsidiary of Pidilite Industries Ltd, the company said. At its meeting on October 28, the board of Pidilite Industries approved a definitive … Read more
Huntsman has signed a $300 million deal to buy CVC Thermoset Specialties, a specialty chemical manufacturer that supplies chemicals for the industrial composites, adhesives and coatings markets. The $300 million purchase price is subject to customary closing conditions. It is an all-cash transaction, funded from available liquidity by Huntsman. Depending on the full year of … Read more
Huntsman Corporation announced its agreement to acquire Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from an affiliate of FFL Partners, LLC. Icynene-Lapolla has annual revenues of approximately $230 million with two manufacturing facilities located in Houston, Texas and Mississauga, Ontario. Under terms … Read more
Huntsman Corporation announced on Friday that it has entered into a definitive agreement to sell its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures in a transaction valued at $2.076 billion. The transaction comprises a cash purchase price of $2.0 billion plus the transfer of up to approximately $76 million … Read more
Huntsman Corporation announced that it has signed a definitive agreement with Sasol to acquire the 50% interest that Huntsman does not own in the Sasol-Huntsman maleic anhydride joint venture. The joint venture owns a manufacturing facility in Moers, Germany with capacity to produce 100,000 metric tonnes of maleic anhydride. Huntsman will pay Sasol $92.5 million, … Read more