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Archroma to Acquire Huntsman Textile Effects
Archroma, Pratteln, Switzerland, a global leader in sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings, recently announced that it has secured all regulatory approvals required to complete the acquisition of the Textile Effects business from Huntsman Corporation (Huntsman Textile Effects).
Originally announced on August 9, 2022, both parties expect the transaction to close on Feb. 28.
“We are very excited to see this acquisition nearing completion,” says Heike van de Kerkhof, Archroma Group CEO. ” I am deeply grateful to the project teams of Archroma and Huntsman who are preparing for a smooth transition for our employees and partners. After closing, we will be able to bring together our expert teams and highly complementary product portfolios to offer our customers and brand partners the high performance they expect, whilst respecting natural resources and the planet.”
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