Huntsman Corporation gets European Commission approval acquisition

Huntsman gets EU’s approval for acquisition of Rockwood’s performance additives, titanium dioxide businesses

7:13 AM, 11th September 2014
Huntsman Corporation gets European Commission approval on acquisition

THE WOODLANDS, US: European Commission has approved Huntsman Corporation’s previously announced acquisition of the performance additives and titanium dioxide (TiO2) businesses of Rockwood Holdings, Inc. The Commission approval is subject to the divestiture of Huntsman’s business associated with a product known as TR52 mainly sold into inks applications. This divestiture represents approximately 30 kilotonne of TiO2 with annual EBITDA of approximately $5 million to $10 million and excludes any associated manufacturing assets.

Huntsman has entered into a definitive agreement to sell its TR52 business to Henan Billions Chemicals Co Ltd. Financial details of this agreement were not disclosed. The transaction with Rockwood is expected to close in the coming weeks, pending the European Commission’s approval of the sale of the TR52 business to Henan.

 

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


KBR bags contract to revamp ammonia plants in Algeria

HOUSTON, US: KBR Inc has been awarded a contract by Fertial SpA to provide licensing and basic engineering design services to revamp Fertial’s A ...

Read more
Graphene used in transistor-based flexible device

CAMBRIDGE, UK: A flexible display incorporating graphene in its pixels’ electronics has been successfully demonstrated by the Cambridge Graphene ...

Read more
Solvay opens specialty surfactants plant in Genthin, Germany

GENTHIN, GERMANY: Solvay has inaugurated its specialty surfactants plant at the industrial park in Genthin, Germany, placing it in an excellent positi ...

Read more
Axalta to expand waterborne coatings capacity in Germany

WUPPERTAL, GERMANY: Axalta Coating Systems, a leading global supplier of liquid and powder coatings, broke ground in Wuppertal, Germany, on constructi ...

Read more
Massive explosion at chemical plant in Germany

BERLIN, GERMANY: A powerful explosion has rocked a chemical plant near Bremen, in northern Germany. At least one person has reportedly been injured wh ...

Read more
Scientist discover radioactive waste eating bacteria

MANCHESTER, UK: According to researchers at The University of Manchester, tiny single-cell organisms discovered living underground could help with the ...

Read more