Skip to main content

Huntsman Corp(HUN-N)

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Huntsman to Close on the Sale of its Textile Effects Division

PR Newswire - Wed Feb 15, 2023

THE WOODLANDS, Texas, Feb. 15, 2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28, 2023. The agreed purchase price was $593 million in cash plus assumed pension liabilities, and Huntsman expects the net after tax cash proceeds to be approximately $540 million before customary post-closing adjustments.


Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe