Archroma: Acquisition of Huntsman Corp's textile effects business
01 March 2023, Mumbai
Archroma, a sustainable specialty chemicals and solutions provider, has completed its acquisition of the Huntsman Textile Effects business, comprising 2,300 employees across 33 countries and 10 production sites.
Heike van de Kerkhof states: “We are very proud of Archroma’s achievements in recent years".
The combined entity will have over 5,000 employees across 42 countries and 35 production sites. The two companies' product portfolios will be highly complementary, offering sustainable solutions to fashion brands and the global textile industry.
Thomas Bucher, Group Chief Finance Officer, speaking on this: “With this acquisition, Archroma is now in a position to leverage the complementarities and synergies".
The acquisition marks the third strategic acquisition by Archroma, with the previous ones being the global textile chemicals business of BASF and M. Dohmen.
Rohit Aggarwal alludes: “I am very excited to see our two leading teams unite".
Archroma has also restructured into two operating divisions: Archroma Textile Effects and Archroma Paper, Packaging & Coatings, to support its customers and business partners with the superior experience and solutions they have come to expect.
