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Huntsman recently announced that it had completed its acquisition of Gabriel from Audax Private Equity.
Is a North American manufacturer of specialty chemicals that produce specialty additives and epoxy curing agents for coatings, adhesives, sealants and composite end markets.
Hensmey paid $250 million to settle as usual in an all-cash transaction funded by available liquidity.
, which has revenues of about $106 million in 2019, has three manufacturing plants in Ashtabira, Ohio, Harrison, Pennsylvania, and Rock Hill, South Carolina.
the 2019 calendar year, the purchase price is approximately 11 times adjusted EBITDA, or approximately 8 times the estimated synergy.
announcing the acquisition, Scott Wright, President of Hensmay Advanced Materials, said, "The acquisition of Gabriel expands our professional portfolio to complement our recent acquisition of CVC thermodysm specialty products.
Gabriel produces highly specialized tougheners, curing agents and other additives for use in composites, adhesives and coatings.
"We hope That Gabriel will strengthen our North American business and deliver significant business synergies as we expand and globally expand and globally their expertise worldwide and with our customers."
acquisition will further enhance our competitiveness and our world-class formulation business by enhancing our ability to create differentiation in our customer applications.
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