Mergers & AcquisitionsBy The Online Investor Staff, updated Wed., Feb. 26, 2:25 PM
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Slide #22. Huntsman Corporation — Icynene-Lapolla
Huntsman Corporation (NYSE:HUN)
Huntsman Corporation (NYSE: HUN) today announced that it has completed the acquisition of Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. Huntsman acquired the business from an affiliate of FFL Partners, LLC, for $350 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity.
Huntsman is a manufacturer of organic chemical products. Co.'s products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, digital inks, electronics, insulation, medical, packaging, coatings and construction, power generation, refining, synthetic fiber, textile chemicals and dyes industries. Co.'s primary product lines include methyl diphenyl diisocyanate, amines, maleic anhydride, epoxy-based polymer formulations, textile chemicals and dyes. Co.'s segments are: Polyurethanes, Performance Products, Advanced Materials and Textile Effects.
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Strong Buy (3.60 out of 4)
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