German China India

Germany: Maleic Anhydride

Huntsman Completes Acquisition of Sasol-Huntsman JV

| Editor: Ahlam Rais

Huntsman now owns 100 % of the entity with manufacturing assets located in Moers, Germany.
Gallery: 1 image
Huntsman now owns 100 % of the entity with manufacturing assets located in Moers, Germany. (Source: Deposit Photos)

Huntsman has completed the purchase of the remaining 50 % interest in the Sasol-Huntsman maleic anhydride joint venture from Sasol. With this deal, the company now owns manufacturing assets in Moers, Germany, and also has the capacity to produce 230 million pounds of maleic anhydride annually.

Texas/USA – Huntsman Corporation has recently announced that it has completed the previously announced acquisition of the remaining 50 % interest in the Sasol-Huntsman maleic anhydride joint venture from Sasol. Huntsman now owns 100 % of the entity with manufacturing assets located in Moers, Germany, and the capacity to produce 230 million pounds annually of maleic anhydride. Huntsman paid Sasol approximately 100 million dollars, which includes acquired cash net of any debt and is subject to customary post-closing adjustments.

Peter Huntsman, Chairman, President and CEO, commented: "Closing on the acquisition of the remaining interest in our maleic German joint venture provides us with the flexibility to fully integrate our European business into our worldwide footprint, thereby better servicing our global customer base in key markets such as construction and coatings. This fits well into our core strategy to expand our portfolio of businesses with higher, more stable margins and strong free cash flow."

Specialist Book „Heat Transfer Technique“The comprehensive standard work „Heat Transfer Technique“ offers not only a detailed and well-founded presentation of the basics of heat transfer technique, but also shows the latest state of the art and the latest regulations in the use of organic fluids. Thematically, the book is rounded off with an overview of property data of organic heat transfer fluids as well as many use cases from practical experience.

Monte Edlund, President of Huntsman's Performance Products division, added: "We are very pleased and excited to assume full control of this excellent business and asset. By fully integrating the Moers, Germany, plant with our existing maleic anhydride business, we will be able to improve our service and offering into key markets such as resins in construction, watercraft, transportation vehicles, and sporting goods, as well as into applications such as food acidulants, oilfield chemicals, and engine oil additives."

Comments are being loaded ....

Leave a comment

The comment is checked by an editor and will be released soon.

  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Contact us via: support.vogel.de/ (ID: 46166597 / Business & Economics)