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Will acquire Huntsman’s manufacturing facilities located in France, Italy and Spain.
August 4, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Huntsman Corporation has announced that Innospec has committed to purchase Huntsman’s European surfactants business. Under the terms of the planned transaction, Innospec would acquire Huntsman’s manufacturing facilities located in Saint-Mihiel, France; Castiglione delle Stiviere, Italy; and Barcelona, Spain. As part of the $225 million enterprise value, Huntsman would retain its related accounts receivables and trade payables. The business represents approximately $24 million of EBITDA. Clos...
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