Huntsman Completes Sale of U.S. Polymers Business to Flint Hills
10:00 PM MDT | August 1, 2007
Flint Hills Resources (Wichita, KS), a subsidiary of Koch Industries, has completed its acquisition of Huntsman's U.S. polymers business for $350 million. Flint Hills will acquire Huntsman's Port Arthur, TX plant later this year, pending restart of the facility. In total, Flint Hills will pay Huntsman $456 million in cash, plus inventory valued at about $286 million. The polymers business includes plants at Odessa and Longview, TX; Peru, IL; and Marysville, MI. Huntsman's amorphous polyalphaolefin products are not included in the sale, but Flint Hills will...
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