Huntsman Corp. has signed a definitive agreement to acquire
Oxid LP, a privately-held manufacturer and marketer of
specialty urethane polyols based in Houston, Texas.
Oxid's polyols are a key component in the production of
energy-saving polyurethane insulation products that are used in
residential and commercial construction.
The polyols are combined with methylene diphenyl
diisocyanate (MDI) to create polyurethane foam insulation for
walls, roofs, refrigerators and other applications.
Oxid markets its product line of specialty polyols under the
trademark Terol, and it distributes products worldwide from its
manufacturing facility in Houston.
The addition of Oxid's MDI product portfolio will support
Huntsman's offerings to downstream insulation markets in North
America and provide new opportunities globally.
The transaction is expected to close in the 3Q. Oxid
generated $86 million of revenue in 2012.