Huntsman acquire HIG Capital’s American Pacific Corp

Huntsman to acquire HIG Capital’s American Pacific Corp

5:46 AM, 18th November 2015
Huntsman to acquire HIG Capital’s American Pacific Corp
Paul Huntsman, president and CEO, Huntsman Family Investments. (File photo)

SALT LAKE CITY, US: Huntsman Family Investments and its affiliates (HFI), private investment platform for Jon M Huntsman Sr. family said it has agreed to acquire American Pacific Corp’s specialty chemicals business from HIG Capital.

Cedar City, Utah-based American Pacific is a supplier of rocket-grade ammonium perchlorate used in solid propellant rockets, booster motors and missiles that are utilized by the US Department of Defense and National Aeronautics and Space Administration (NASA). The company, also manufactures halotron, a branded, clean fire extinguishing agent alternative to halon-based products and sodium azide, a pharmaceutical chemical intermediate.

“We are thrilled to be investing in the great state of Utah and look forward to growing this exceptional business. American Pacific represents the ideal investment for HFI,” said Paul Huntsman, president and CEO, Huntsman Family Investments.

“Over the last 60 years, American Pacific has established a highly respected reputation as a reliable, consistent partner to its customers. We look forward to continuing to support our customers who play an integral role in defending our country and promoting our national initiatives in exploring space,” said Benjamin Wu, principal, Huntsman Family Investments.

© Worldofchemicals News



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