加载中...

点击这里给我发消息

QQ群:417857029

国内外新闻动态

亨斯迈2.25亿美元出售欧洲表面活性剂业务

来源:互联网2016年08月05日

阅读次数:

    美国特殊化学品公司亨斯迈8月3日宣布,Innospec将购买其欧洲表面活性剂业务,交易价值约为2.25亿美元。欧洲表面活性剂业务包括位于法国圣米耶勒、意大利斯蒂维耶雷堡、西班牙巴塞罗那的三处生产设施······全文如下

    THE WOODLANDS, Texas -- Huntsman Corporation (NYSE: HUN) has announced that Innospec Inc. (NASDAQ: IOSP) has committed to purchase Huntsman's European surfactants business. Under the terms of the planned transaction, Innospec would acquire Huntsman's manufacturing facilities located in Saint-Mihiel, France; Castiglione delle Stiviere, Italy; and Barcelona, Spain.
 
    Transaction to Involve USD 225 Million
 
 
    As part of the $225 million enterprise value, Huntsman would retain its related accounts receivables and trade payables. The business represents approximately $24 million of EBITDA. Closing is expected to occur by the end of the fourth quarter of 2016, and is subject to customary conditions, including the representative bodies consultation processes where required by applicable law. Net proceeds of the sale would be used to repay debt. This debt repayment would be in addition to Huntsman's recent $100 million debt reduction that occurred on July 22, 2016, and the proceeds would also be in addition to Huntsman's stated objective of generating more than $350 million of free cash flow in 2016.
 
    Huntsman remains committed to its global surfactants business, including in the United States and Australia, where its differentiated surfactants businesses are backward integrated into essential feedstocks. Huntsman plans to retain certain core products strategic to its global agrochemicals lubes and certain other businesses. Upon consummating the planned transaction, Huntsman would enter into supply and long-term tolling arrangements with Innospec in order to continue marketing certain of these products.
 
    In 2014, Huntsman sold its European commodity surfactants business. The planned transaction with Innospec represents another step in Huntsman's strategic transformation of its Performance Products business. This business is currently expanding its downstream positioning with a polyetheramines expansion in Singapore, as well as undertaking a substantial cost savings and business improvement initiative.
 
    Peter R. Huntsman, President and CEO of Huntsman Corporation, commented:
    "This proposed transaction is consistent with our strategic financial objectives of increasing our cash flow generation, growing our downstream differentiated businesses and separating our titanium dioxide business. We plan to use the proceeds from this sale to repay our debt and strengthen our balance sheet. The decoupling of our European surfactants business would allow us to concentrate our focus and grow businesses within our portfolio with greater long term strategic fit. Additional reshaping of Huntsman will occur soon, as we are actively working towards a spin-off of our titanium dioxide, additives and textile effects businesses."
 
About Innospec
 
    Innospec is a global specialty chemicals company focused on bringing innovative new technologies to market combined with a fast and responsive service. Innospec serves a range of industries across the world, bringing its products to customers in markets from oilfields, fuels, refineries and power stations to personal care. Its global team of approximately 1300 employees spans 20 countries, applying their extensive experience and market understanding to customers’ local needs. Integrating its global footprint with local service capability enables us to supply quality products that meet and anticipate changing market dynamics. 
 
About Huntsman
 
    Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2015 revenues of more than $10 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 100 manufacturing and R&D facilities in approximately 30 countries and employ approximately 15,000 associates within our 5 distinct business divisions. 
 
Forward-Looking Statements
 
    Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
 
Source: Huntsman
相关阅读

本站所有信息与内容,版权归原作者所有。网站中部分新闻、文章来源于网络或会员供稿,如读者对作品版权有疑议,请及时与我们联系,电话:025-85303363 QQ:2402955403。文章仅代表作者本人的观点,与本网站立场无关。转载本站的内容,请务必注明"来源:林中祥胶粘剂技术信息网(www.adhesive-lin.com)".

网友评论

©2015 南京爱德福信息科技有限公司   苏ICP备10201337 | 技术支持:南京联众网络科技有限公司

客服

客服
电话

1

电话:025-85303363

手机:13675143372

客服
邮箱

2402955403@qq.com

若您需要帮助,您也可以留下联系方式

发送邮箱

扫二
维码

微信二维码