SK Capital Partners-backed Archroma completed the acquisition of Textile Effects division from Huntsman for $718m.

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.