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Issue 9, 2018 - Huntsman completes the acquisition of Demilec

 Last Update: 2022-11-11
 Source: Internet
 Author: User

Tags

polyurethane foam

spray foam systems

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On
April 24, Huntsman announced that it had completed its acquisition
of Demilec.
Huntsman acquired Demilec in cash-only from a subsidiary of Sun Capital Partners for $350 million
.
Demilec is a manufacturer and distributor of spray polyurethane foam insulation assemblies with annual revenues of approximately $170 million and two production plants
.
It is capable of producing a full range of MDI type spray polyurethane foam compositions, which can be sold directly to downstream customers or through distributors
.
Huntsman expects to fully integrate the business by the end of this year, when the spray polyurethane foam business expects EBITDA to exceed 25%.

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