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Specialty Chemicals

Huntsman to acquire polyurethane foam firm

by Michael McCoy
December 12, 2019 | APPEARED IN VOLUME 97, ISSUE 48

Huntsman has agreed to buy Icynene-Lapolla, a maker of spray polyurethane insulation foam, for $350 million. Icynene-Lapolla, itself the product of a 2018 merger, has two North American plants and annual sales of about $230 million. Huntsman is a leading producer of methylene diphenyl diisocyanate, the key raw material used to make such foams. Huntsman also paid $350 million to acquire Demilec, a similar spray foam business, last year.

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