Industry News, Mergers and Acquisitions, Suppliers News

Huntsman Selling Chemical Intermediates, Surfactants Businesses for $2.1 Billion

Indorama Ventures acquiring 5 of Huntsman’s manufacturing facilities, which are located in Texas, India and Australia.

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By: Anthony Locicero

Copy editor, New York Post

Huntsman Corporation said it 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, comprising a cash purchase price of $2 billion, plus the transfer of up to approximately $76 million in net underfunded pension and other post-employment benefit liabilities. The $2.076 billion transaction value represents an LTM adjusted EBITDA multiple of approxim...

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