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April 10, 2014
Huntsman sells commodity surfactants business to Wilmar
Huntsman Corp. (The Woodlands, Tex.; www.huntsman.com
) and Wilmar International Ltd. have announced that Wilmar’s wholly-owned subsidiary, Wilmar Europe Holdings B.V. has agreed to purchase Huntsman’s European commodity surfactants business. Completion remains subject to customary closing conditions, including regulatory procedures in France. Financial details of the agreement were not disclosed.
Under the terms of agreement, Huntsman plans to sell to Wilmar its ethoxylation facility in Lavera, France. In addition, Wilmar will enter into a multi-year arrangement to purchase sulphated surfactant products from Huntsman’s facilities in St. Mihiel, France and Castiglione delle Stiviere, Italy. Separately, Huntsman has also announced its intention to cease production by October 2014 at its Patrica, Italy commodity surfactants facility.