Huntsman buys Oxid to complement MDI in rigid foams

URETHANES TECHNOLOGY INTERNATIONAL

Published: July 9, 2013 1:01 pm ET
Updated: July 9, 2013 1:03 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers
Companies & Associations Huntsman Corp.

Huntsman Corp. said on July 8 that it has agreed to buy Oxid LP, a firm that makes and sells specialty urethane polyols.

Financial terms were not disclosed.

Oxid of Houston, started producing its Terol poyester polyols in 1981. It produces a range of highly functionalized polyols for the rigid foam industry.

Oxid said its products had hydroxyl values from 120 to 350 and could be modified with enhanced functionality for demanding applications. The company added that the high aromatic content of Terol polyester polyols improves flammability characteristics in both polyisocyanurate (PIR) and polyurethane applications, reducing the need for flame retardants.

Commenting on the planned acquisition, Anthony Hankins, president of Huntsman's Polyurethanes division, said: "Oxid has an excellent reputation in the market, and the addition of its Terol specialty polyols to our existing MDI (methylene diphenyl diisocyanate) product portfolio will strengthen our offer to the key downstream insulation markets in North America and provide new opportunities globally."

The Woodlands, Texas-based Huntsman said that the deal made sense because the polyols are often used with MDI to create polyurethane foam insulation for walls, roofs, refrigerators and many other applications.

"We see strong market and technology synergies in combining the two businesses and look forward to concluding the deal in the near future," said Hankins.

The transaction is expected to close during the third quarter and Huntsman said it will add to Huntsman's earnings immediately. Oxid generated $86 million of sales in 2012.


Comments

Huntsman buys Oxid to complement MDI in rigid foams

URETHANES TECHNOLOGY INTERNATIONAL

Published: July 9, 2013 1:01 pm ET
Updated: July 9, 2013 1:03 pm ET

Post Your Comments


Back to story


More stories

Image

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

BASF pre-tax earnings rise, but will miss financial targets for 2015

October 24, 2014 10:16 am ET

BASF SE has raised its expectations for pre-tax earnings in 2014 but warned that it would not hit its financial targets for next year.    More

Image

Sabic, Shell cancel expansion for SADAF joint venture in Saudi Arabia

October 24, 2014 9:19 am ET

Saudi Basic Industries Corp. and Royal Dutch Shell have cancelled plans to expand an existing petrochemical joint venture in Saudi Arabia following...    More

Image

Sadara CEO says Middle East now has 20 percent of global ethylene capacity

October 24, 2014 9:33 am ET

Sadara CEO Ziad Al-Labban claims that the Middle East's ethylene capacity is now 20 percent of global production.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events