Huntsman Completes Textile Effects Divestiture
Provided By PR Newswire
Last update: Feb 28, 2023
THE WOODLANDS, Texas, Feb. 28, 2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that it has completed the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. 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.
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