Huntsman announces agreement to sell textile effects division

The woodlands, texas , aug. 9, 2022 /prnewswire/ -- huntsman corporation (nyse: hun) today announced it has entered into a definitive agreement to sell its textile effects division to archroma, a portfolio company of sk capital partners.  the total enterprise value of the transaction is approximately $718 million, which includes the assumption of approximately $125 million in net underfunded pension liabilities as of december 31, 2021.
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