M&A Deal Summary

Indorama Ventures Acquires Huntsman - Integrated Oxides & Derivatives Business

On August 7, 2019, Indorama Ventures acquired chemicals company Huntsman - Integrated Oxides & Derivatives Business from Huntsman for 2.1B USD

Acquisition Highlights
  • This is Indorama Ventures’ 3rd transaction in the Chemicals sector.
  • This is Indorama Ventures’ largest (disclosed) transaction.
  • This is Indorama Ventures’ 3rd transaction in the United States.
  • This is Indorama Ventures’ 1st transaction in Texas.

M&A Deal Summary

Date 2019-08-07
Target Huntsman - Integrated Oxides & Derivatives Business
Sector Chemicals
Buyer(s) Indorama Ventures
Sellers(s) Huntsman
Deal Type Divestiture
Deal Value 2.1B USD

Target

Huntsman - Integrated Oxides & Derivatives Business

The Woodlands, Texas, United States
Huntsman Corp. - Integrated Oxides & Derivatives Business comprises global Integrated Ethylene Oxide and Derivatives, Ethylene Glycol, Propylene Oxide/MTBE, LAB, and downstream Surfactants serving consumers daily needs and growing at ~5%. IVL is a true market leader holding #1 or #2 position in the vast majority of its portfolio serving targeted sectors in select geographies.

Search 201,893 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

Indorama Ventures

Bangkok, Thailand

Category Company
Founded 1994
Sector Chemicals
Revenue 541.5B THB (2024)
DESCRIPTION

Indorama Ventures is a petrochemical producers and a manufacturer of wool yarns. Indorama Ventures was founded in 1994 and is based in Bangkok, Thailand.


DEAL STATS #
Overall 8 of 8
Sector (Chemicals) 3 of 3
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Sinterama

Sandigliano, Italy

Sinterama S.p.A is a global polyester automotive interiors and high performance colored yarns manufacturer. Sinterama was founded in 1968 and is based in Sandigliano, Italy.

Buy -

Seller(S) 1

SELLER

Huntsman

The Woodlands, Texas, United States

Category Company
Founded 1970
Sector Chemicals
Employees6,000
Revenue 6.1B USD (2023)
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 3 of 6
Sector (Chemicals) 3 of 5
Type (Divestiture) 2 of 4
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-13 Demilec

Boisbriand, Quebec, Canada

Demilec, Inc. is a north american spray polyurethane foam (“SPF”) insulation market. The Company offers both rigid (“closed cell”) and semi-rigid (“open cell”) SPF insulation. The Company serves over 1,000 customers and has manufacturing facilities in Canada and US.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Icynene-Lapolla

Houston, Texas, United States

Icynene-Lapolla is a manufacturer and distributor of spray polyurethane foam insulation products. Contractors install spray foam insulation in walls, ceilings, floors, attics, and hard-to-insulate areas across a diverse set of construction end markets, including new custom residential, new production residential, commercial, remodeling, and specialty non-construction applications. Icynene-Lapolla was founded in 1986 and is based in Houston, Texas.

Buy $350M