Huntsman Completes Oxid Acquisition
Huntsman Corp. has completed the acquisition of Oxid L.P., a manufacturer and marketer of specialty urethane polyols in Houston, Texas, for an amount of up to $75 million. Oxid generated $86 million of revenue in 2012.
Oxid’s polyols are a key component in the production of energy-saving polyurethane insulation products that are used in residential and commercial construction. The polyols are combined with methylene diphenyl diisocyanate to create polyurethane foam insulation for walls, roofs, refrigerators and many other applications.
Oxid markets its diverse product line of specialty polyols under the trademark Terol and distributes products worldwide from its manufacturing facility in Houston.
For more information, visit www.huntsman.com.