IHS Chemical Week

People & Business :: M&A

Huntsman completes purchase of polyols maker Oxid

8:20 PM MDT | August 29, 2013 | Robert Westervelt

Huntsman has completed the acquisition of Oxid (Houston), a privately held maker of specialty urethane polyols. The deal was announced in early July. Huntsman says the purchase price is up to $75 million. Oxid generated $86 million of revenue in 2012. Oxid’s polyols are combined with methylene diphenyl diisocyanate (MDI) to create polyurethane foam insulation for walls, roofs, refrigerators and other applications. Anthony Hankins, president of Huntsman’s polyurethanes division, says the Oxid purchase is the latest of a series of investments in...

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