Vischer: Huntsman sells Textile Effects Division to Archroma
Huntsman Corporation closed the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners, on February 28, 2023. 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.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2022 revenues of approximately $8 billion.
VISCHER acted as Swiss legal advisor to Huntsman. The team consisted of partner David Jenny (corporate/m&a, pictured), managing associate Sebastian Flückiger, senior associate Pauline Pfirter and associate Michael Maurer, all corporate/m&a.