Archroma Acquires Huntsman Textile Effects

Archroma Expected to Close Acquisition of Huntsman Textile Effects on 28 February 2023 In its announcement, Archroma, a global leader in sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings, stated that it had obtained all necessary regulatory approvals to complete the purchase of the Textile Effects business from Huntsman Corporation ("Huntsman Textile Effects"). Both parties anticipate that the deal, which was first disclosed on 9 August 2022, will close on 28 February 2023. Archroma is a portfolio company of US-based private investment firm SK Capital Partners. Since its formation in 2013, Archroma acquired and successfully integrated the global textile chemicals businesses of BASF as well as BASF's stilbene-based OBA business for paper applications, and M. Dohmen, a specialist in coloration for automotive textiles. Heike van de Kerkhof, Archroma Group Chief Executive Officer, commented: "We are very excited to see this acquisition nearing completion. I am deeply grateful to the project teams of Archroma and Huntsman who are preparing for a smooth transition for our employees and partners. After closing, we will be able to bring together our expert teams and highly complementary product portfolios to offer our customers and brand partners the high performance they expect, whilst respecting natural resources and the planet."     Note: Content may be edited for style and length.   Source