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

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Proposed Shell project draws more than 1,000 to informational meetings

April 17, 2014 2:03 pm ET

More than 1,000 people attended a pair of public meetings hosted by Shell Chemical LP on April 16 to discuss the possibility of building a major...    More

Image

Hedging can slow the resin rollercoaster

April 17, 2014 3:00 pm ET

The good old days — if they even ever existed — are gone, and.Andy VanPutte thinks volatility in the resin market is here to stay and...    More

Image

Navigating the rough seas of selling your company

April 17, 2014 2:47 pm ET

For family owned plastics firms who survived the Great Recession, many wonder: Is it time to sell, retire and sip cocktails on the beach? Or, maybe...    More

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events