Volume 85 Issue 28 | p. 22 | Concentrates
Issue Date: July 9, 2007

Huntsman to Buy Dyes, Intermediates Business

Department: Business | Collection: Economy

Huntsman Corp., which is weighing takeover offers from Basell and Hexion Specialty Chemicals (see page 6), has agreed to buy the Baroda division of India's MetroChem Industries for $46.5 million. Baroda, a textile dyes and intermediates manufacturer employing about 300 people, has been a long-term supplier to Huntsman's textile effects business, which Huntsman acquired from Ciba in June of last year. The deal is expected to close in January 2008.

 
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