Huntsman completes acquisition of minority interests in subsidiary

21/12/2005

Huntsman Corporation has completed its acquisition of the minority interests held by affiliates of SISU Capital Limited and other third parties representing approximately 9.7% of the equity in its subsidiary Huntsman Advanced Materials LLC for $125 million.

AdMat manufactures and markets advanced epoxy, acrylic and polyurethane-based products used in a variety of industrial and consumer applications. The AdMat Division of Huntsman produces over 6,000 grades of products sold to more than 6,000 customers globally.

Huntsman is a global manufacturer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of industries including chemicals, footwear, textiles.