Huntsman to sell textile unit to SK Capital for $1 billion – Amine Catalysts https://www.newtopchem.com The Leading Supplier of China Amine Catalysts Thu, 07 Jul 2022 06:54:34 +0000 zh-CN hourly 1 https://wordpress.org/?v=6.1.7 https://www.newtopchem.com/wp-content/uploads/2023/12/1.jpg Huntsman to sell textile unit to SK Capital for $1 billion – Amine Catalysts https://www.newtopchem.com 32 32 Huntsman to sell textile unit to SK Capital for $1 billion https://www.newtopchem.com/archives/39091 Thu, 07 Jul 2022 06:54:34 +0000 https://www.newtopchem.com/archives/39091 Latest: American chemical group Huntsman is in the process of selling its textile division to private equity firm SK
Capital conducts in-depth negotiations. The business is worth about $1 billion, but it is also possible that Huntsman may choose to keep the unit.

SK Capital could potentially combine the unit with Archroma, which it acquired from Swiss firm Clariant in 2013
Businesses established when AG acquired textile chemicals, paper specialty products and emulsion assets.

Huntsman and SK Capital did not immediately respond to requests for comment on the sale of the business.

It is understood that Huntsman announced in December that it was conducting a strategic review of the division. The Singapore-based textile unit, which produces dyes for cotton, wool, nylon and polyester textiles, has adjusted earnings before interest, taxes, depreciation and amortization of about $100 million in 2021.

]]>