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Huntsman Completes Acquisition of Indian Textile Dyes Unit

10:05 PM MDT | June 23, 2009 | Deepti Ramesh

Huntsman says that its Textile Effects division has completed the previously announced acquisition of a manufacturing facility for the production of intermediates and specialty products for textiles at Baroda, India from Metrochem Industries (Baroda). Huntsman first announced its plans to acquire the facility in July 2007, for $46.5 million. The Baroda facility currently has more than 700 employees and contractors, and annual sales of about Rs.2.4 billion ($50 million). The Textile Effects division is a leading global provider of dyes and chemicals to the textile...

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