Huntsman completes textile effects divestiture

The woodlands, texas , feb. 28, 2023 /prnewswire/ -- huntsman corporation (nyse: hun) announced today that it has completed the sale of its textile effects division to archroma, a portfolio company of sk capital partners. the agreed purchase price was $593 million in cash plus assumed pension liabilities, and huntsman expects the net after tax cash proceeds to be approximately $540 million before customary post-closing adjustments.
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