M&A Deal Summary

Huntsman Acquires Metrochem - Baroda division

On July 2, 2007, Huntsman acquired apparel/textiles company Metrochem - Baroda division from Metrochem Industries for 47M USD

Acquisition Highlights
  • This is Huntsman’s 1st transaction in the Apparel/Textiles sector.
  • This is Huntsman’s 7th largest (disclosed) transaction.
  • This is Huntsman’s 1st transaction in India.

M&A Deal Summary

Date 2007-07-02
Target Metrochem - Baroda division
Sector Apparel/Textiles
Buyer(s) Huntsman
Sellers(s) Metrochem Industries
Deal Type Divestiture
Deal Value 47M USD

Target

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.

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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 5 of 16
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 2 of 5
Country: India M&A 1 of 2
Year: 2007 M&A 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-26 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").

Sell $826M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-02 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.

Buy -

Seller(S) 1

SELLER

Metrochem Industries

Baroda, India

Category Company
Sector Chemicals
DESCRIPTION

Metrochem Industries Ltd is a manufacturer of textile dyes.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2007 M&A 1 of 1
Size (of disclosed) 1 of 1