Huntsman completes acquisition of minority interests in subsidiary
Huntsman Corporation has completed its acquisition of the minority interests held by affiliates of SISU Capital Limited and other third parties representing approximately 9.7% of the equity in its subsidiary Huntsman Advanced Materials LLC for $125 million.
AdMat manufactures and markets advanced epoxy, acrylic and polyurethane-based products used in a variety of industrial and consumer applications. The AdMat Division of Huntsman produces over 6,000 grades of products sold to more than 6,000 customers globally.
Huntsman is a global manufacturer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of industries including chemicals, footwear, textiles.