Huntsman Corporation has announced that it has reached a definitive agreement with affiliates of SISU Capital Limited to acquire, for approximately $125 million, a 9.7% minority interest in Huntsman Advanced Materials LLC (AdMat) which is currently owned by SISU affiliates and other third parties.

Immediately following the acquisition, it is anticipated that AdMat will become a subsidiary of Huntsman International LLC. The acquisition is expected to be completed by the year end.