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Huntsman acquires stake in Japanese spray polyurethane foam insulation firm

6:26 AM MDT | March 14, 2013 | Deepti Ramesh

Huntsman Corp. says it has acquired a 20% stake in Nippon Aqua (Yokohama, Japan), a spray polyurethane foam (SPF) insulation company, and that it has entered into a 10-year supply agreement with Nippon Aqua. The financial terms of the deal were not disclosed. Nippon Aqua, a subsidiary of residential home builder Hinokiya Holdings (Kuki, Japan), is the SPF market leader in Japan with business operations in over 30 locations across the country, Huntsman says. Huntsman supplies various advanced methylene di-para-phenylene isocyanate–based polyurethanes systems...

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