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New Deal


Announced

Completed

Huntsman completed the acquisition of Icynene-Lapolla from FFL Partners for $350m.

Financials

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Transaction Value£268m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.5x
EV/EBITDA10x
Share Price Premium-
One Off Charge-

Tags

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United States

Building Materials: Other

Majority

Single Bidder

Private

spray foam insulations

Private Equity

Acquisition

Friendly

Completed

Synopsis

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Huntsman, a publicly traded global manufacturer and marketer of differentiated and specialty chemicals, completed the acquisition of Icynene-Lapolla, a North American manufacturer and distributor of spray polyurethane foam insulation systems, from FFL Partners for $350m. "I am excited about the opportunities that lie ahead, now that Icynene-Lapolla is joining our high-growth MDI urethanes insulation business. Together with Demilec, our existing SPF business, we will create a world-leading SPF platform, providing highly innovative, energy-saving solutions for residential and commercial property owners alike," Tony Hankins, Huntsman's Polyurethanes division President.

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