M&A Deal Summary

Huntsman Acquires Laffans Petrochemicals - Chemicals Business

On April 2, 2011, Huntsman acquired chemicals company Laffans Petrochemicals - Chemicals Business from Laffans Petrochemicals

Acquisition Highlights
  • This is Huntsman’s 4th transaction in the Chemicals sector.
  • This is Huntsman’s 2nd transaction in India.

M&A Deal Summary

Date 2011-04-02
Target Laffans Petrochemicals - Chemicals Business
Sector Chemicals
Buyer(s) Huntsman
Sellers(s) Laffans Petrochemicals
Deal Type Divestiture

Target

Laffans Petrochemicals - Chemicals Business

Mumbai, India
Laffans Petrochemicals - Chemicals Business manufacturer’s 60kt ethylene oxide derivatives facility in Ankleshwar, Gujarat. The purpose-built plant produces specialty intermediates for use in agrochemicals, household and personal care products, oil and gas applications and automotive lubricants and brake fluids.

Search 205,905 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Huntsman

The Woodlands, Texas, United States

Category Company
Founded 1970
Sector Chemicals
Employees6,300
Revenue 6.0B USD (2024)
DESCRIPTION
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.
Entrance to Huntsman's corporate headquarters in The Woodlands, Texas.

Huntsman is a manufacturer of differentiated organic chemical products and 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 6 of 16
Sector (Chemicals) 4 of 12
Type (Divestiture) 3 of 5
Country (India) 2 of 2
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Metrochem - Baroda division

India

The Baroda Division of Metrochem, which employs approximately 300 associates, is well-known to Huntsman as a long-term strategic supplier for its Textile Effects business.

Buy $47M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-30 EMA Kimya Sistemleri Sanayi ve Ticaret A.S.

Istanbul, Turkey

EMA Kimya Sistemleri Sanayi ve Ticaret A.S. systems house has the capacity to manufacture polyester polyols and blend MDI polyurethane systems used primarily in the insulation, automotive, adhesives, coatings, elastomers and furniture industries.

Buy -

Seller(S) 1

SELLER

Laffans Petrochemicals

Mumbai, India

Category Company
Sector Chemicals
Revenue 61M INR (2024)
DESCRIPTION

Laffans Petrochemicals is a manufacturer of ethylene oxide derivatives such as Ethoxylates, Propoxylates, Glycol Ethers, Acetates, Ethanol Amine, and Brake fluids. Laffans Petrochemicals is based in Mumbai, India.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2011) 1 of 1