Announced
Completed
Financials
Tags
textile effect
United States
Private
Specialty Chemicals
Acquisition
Majority
Domestic
Friendly
Private Equity
Single Bidder
Completed
Synopsis
SK Capital Partners-backed Archroma, a specialty chemicals company committed, completed the acquisition of Textile Effects division from Huntsman, a publicly traded global manufacturer and marketer of differentiated and specialty chemicals, for $718m. "With this acquisition, Archroma is now in a position to leverage the complementarities and synergies of not just one but two leaders in textile chemicals and dyes. The integration will allow us to offer the cost-effective innovation, quality, reliability, expertise and market coverage that our partners need to win in the current market conditions," Thomas Bucher, Archroma CFO.
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