Woodlands chemical co. makes $350M acquisition to boost downstream business
A major chemical company based in The Woodlands has made a deal to acquire a Houston-based company, building on previously announced plans to grow in the downstream sector.
Huntsman Corp. (NYSE: HUN) will buy Icynene-Lapolla from an affiliate of San Francisco-based private equity firm FFL Partners LLC for $350 million in cash, according to a press release. The deal is expected to close in the first half of 2020.
Icynene-Lapolla manufactures and distributes spray polyurethane foam insulation systems…
