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Huntsman to acquire US polyols manufacturer Oxid

9:20 PM MDT | July 8, 2013 | Deepti Ramesh

Huntsman Corp. says that it has signed a definitive agreement to acquire the business of Oxid (Houston), a privately-held manufacturer and marketer of specialty urethane polyols. Financial terms of the agreement were not disclosed. Oxid generated $86 million of revenue in 2012, Huntsman says. The transaction is expected to close during the third quarter and will be immediately accretive to Huntsman’s earnings. Oxid’s polyols are a key component in the production of energy saving polyurethane insulation products that are used in residential and...

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