USA: 300 Million Dollar Transaction Acquisition of CVC by Huntsman Completed

Editor: MA Alexander Stark

The acquisition of CVC Thermoset Specialities by Huntsman is complete. The North American specialty chemical manufacturer serves the industrial composites, adhesives and coatings markets

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Huntsman has acquired CVC for $ 300 million in cash.
Huntsman has acquired CVC for $ 300 million in cash.
(Source: Public Domain / Pixabay )

The Woodlands/USA — Huntsman Corporation announced that it has completed the acquisition of CVC Thermoset Specialties. Huntsman acquired the business from Emerald Performance Materials, a majority-owned affiliate of American Securities, for approximately $ 300 million, subject to customary closing adjustments. The all-cash transaction was funded from available liquidity.

According to the company, the acquisition of CVC Thermoset Specialties, with its highly specialized toughening, curing and other additives used in a wide range of applications and markets, is strongly aligned with Huntsman's strategy of growing its specialty Advanced Materials portfolio. CVC Thermoset Specialties has annual revenues of approximately $ 115 million with manufacturing facilities located in Akron, Ohio, and Maple Shade, New Jersey.