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(plastemart) -- Huntsman Corp. has
agreed to acquire the chemicals business of Indian ethylene oxide derivative
maker Laffans Petrochemicals Ltd. Financial terms of the agreement were not
disclosed. The company expects to close on the deal in 2011. When completed, the
chemical business will be integrated into Huntsman’s performance products
division.
The acquisition is subject to certain terms and conditions and is expected to
occur in the first half of 2011.
The acquisition is in line with Huntsman’s strategy to meet the demands
for other amines in Asia.
mrcplast.com |
