M&A Deal Summary

Huntsman Acquires Huntsman s European Chemicals and Polymers Business

On May 4, 1999, Huntsman acquired chemicals company Huntsman s European Chemicals and Polymers Business from Imperial Chemical Industries for 1.7B GBP

Acquisition Highlights
  • This is Huntsman’s 2nd transaction in the Chemicals sector.
  • This is Huntsman’s largest (disclosed) transaction.
  • This is Huntsman’s 1st transaction in the United Kingdom.
Investment Fate
  • Huntsman s European Chemicals and Polymers Business was divested to a strategic buyer in 2006 for 826M USD.
  • Huntsman s European Chemicals and Polymers Business was divested to a strategic buyer in 2006 for 826M USD.

M&A Deal Summary

Date 1999-05-04
Target Huntsman s European Chemicals and Polymers Business
Sector Chemicals
Buyer(s) Huntsman
Sellers(s) Imperial Chemical Industries
Deal Type Divestiture
Deal Value 1.7B GBP

Target

Huntsman s European Chemicals and Polymers Business

United Kingdom
Huntsman's European Chemicals and Polymers Business is a global manufacturer and marketer of specialty and commodity chemicals throughout its four principal businesses: polyurethane chemicals (in particular "MDI"), propylene oxide ("PO"), petrochemicals (in particular olefins) and titanium dioxide ("TiO2").

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Buyer(S) 1

Buyer

Huntsman

The Woodlands, Texas, United States

website


Category Company
Founded 1970
Sector Chemicals
Employees9,000
Revenue 8.5B USD (2021)
DESCRIPTION
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.

Huntsman is a global manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company's products comprise a broad range of chemicals and formulations which are marketed globally to a diversified group of consumer and industrial customers. Huntsman's products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Huntsman was founded in 1970 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 2 of 16
Sector (Chemicals) 2 of 12
Type (Divestiture) 1 of 5
Country (United Kingdom) 1 of 2
Year (1999) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 Sasol-Huntsman KG

Moers, Germany

Sasol-Huntsman GmbH & Co. KG is a manufacture of cyclic organic crudes, intermediates, organic dyes, and pigments. Sasol-Huntsman GmbH & Co. KG was founded in 1997 and is based in Moers, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-02 Vantico Group S.A.

Luxembourg City, Luxembourg

Vantico is a global epoxy resin manufacture. Its products provide solutions for protection, bonding and forming to a broad range of applications and end users. Important end markets include: automotive, aircraft and aerospace, civil engineering, electrical and electronics, chemical, food and beverage, marine, leisure, textile and light engineering.

Buy -

Seller(S) 1

SELLER

Imperial Chemical Industries

London, United Kingdom

website


Category Company
Founded 1926
Sector Chemicals
Employees25,850
DESCRIPTION

Imperial Chemical Industries PLC is a British chemical company.


DEAL STATS #
Overall 2 of 3
Sector (Chemicals) 2 of 3
Type (Divestiture) 2 of 3
Country (United Kingdom) 2 of 2
Year (1999) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-04 ICI - Automotive Refinish and Industrial Coatings Business

United Kingdom

ICI's Automotive Refinish and Industrial Coatings Business provides automotive refinish coatings used in vehicle repair and on new and refinished commercial vehicles; Grow Automotive solvents and thinners business in North America; and Asian and Latin American powder and liquid industrial coatings facilities.

Sell £425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-22 Quest International

Naarden, Netherlands

Quest is one of the leading players in the global flavour and fragrance market. Quest was formed in 1905 and is based in Naarden, The Netherlands.

Sell £1.2B