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Huntsman to Acquire Chemicals Business of Indian Firm

10:07 PM MDT | August 1, 2010 | Deepti Ramesh

Huntsman says it has entered into a definitive agreement to acquire the chemicals business of Laffans Petrochemicals (Mumbai). The chemicals business of Laffans, which is located at Ankleshwar, India, manufactures amines and surfactants and has annual sales of about $45 million. The business employs 130 people. The acquisition is subject to certain conditions and is expected to be completed in the first half of 2011. Financial terms of the deal were not disclosed. The acquired business will be integrated into the performance products division of Huntsman. This...

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