The leading adhesives manufacturer Huntsman Corporation has entered into a definitive agreement to sell its India based Do-It-Yourself (DIY) consumer adhesives business, part of the Advanced Materials division, to Pidilite Industries Ltd. for approximately $285 million.
Pidilite is a respected leader in consumer adhesives business in India
The major deals and expansions by Huntsman Corporation are featured below:
Sept 2020: The leading chemical products manufacturer Huntsman Corporation signed an agreement with SK Capital Partners, LP to sell approximately 42.5 million of the shares it holds in Venator Materials PLC for approximately $100 million.
March 2020: The leading specialty chemical company Huntsman Corporation announced an agreement to acquire CVC Thermoset Specialties, a North American specialty chemical manufacturer for $300 million. CVC Thermoset, part of Emerald Performance Materials LLC, is serving industrial composites, adhesives and coatings markets across the world.
December 2019: Huntsman Corporation, has completed the sale of its chemical intermediates businesses, which includes PO/MTBE, and its surfactant businesses to Indorama Ventures for approximately $2 billion. With this acquisition, Indorama has enhanced its US footprint in polyurethanes segments. The transaction includes manufacturing operations in Texas, Australia, and India. Huntsman will retain ownership of a diglycolamine, or DGA, plant at Port Neches, the USA. The deal also includes Huntsmans linear alkyl-benzene (LAB) manufacturing site at the Chocolate Bayou site south of Houston and a surfactants plant in Dayton, Texas.
December 2019: Huntsman Corporation expands its SPF business with an 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.
About Huntsman Corporation
Huntsman Corporation, a Texas-based manufacturer of differentiated and specialty chemicals. The company manufactures polyurethanes, performance products, and adhesives for a broad and diverse range of consumer and industrial end markets. The company operates approximately 75 manufacturing, R&D, and operations facilities in around 30 countries and employs approximately 10,000 associates within our four distinct business divisions. The company serves a broad and diverse range of consumers, including transportation, home life, construction, energy and fuels, and clothing and footwear