Industry News, Mergers and Acquisitions, Suppliers News

Innospec Completes Acquisition of Huntsman’s European Surfactants Business

Completed the sale for an enterprise value of $225 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Huntsman has announced that it has completed the sale of its European surfactants business to Innospec for an enterprise value of $225 million. This business represented approximately $24 million of EBITDA in 2015. Huntsman intends to make a $260 million early repayment of debt using proceeds from the sale and existing cash. This debt repayment is in addition to the recent debt reductions of $100 million in September 2016 and $100 million in July 2016....

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