Huntsman corporation (nyse:hun) agreed to acquire lapolla industries, inc. from icynene inc. for $350 million.

Huntsman corporation (nyse:hun) agreed to acquire lapolla industries, inc. from icynene inc. for $350 million on december 5, 2019. under the terms of the agreement, purchase price is subject to customary closing adjustments. based on full year 2019 adjusted ebitda estimates, the purchase price represents an adjusted ebitda multiple of approximately 10 times, or approximately 7 times adjusted ebitda pro forma for synergies. the transaction is funded through all cash from available liquidity and is expected to close in the first half of 2020.
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