Huntsman announced that it has completed the acquisition of IFS Chemicals Ltd., a British manufacturer of polyurethane products used in marine coatings. and pipeline protective coatings.
The specific financial terms of the transaction have not been disclosed.
IFS was founded in 1982 as a supplier of thermal insulation products, later expanding to industries including the automotive industry and subsea pipelines. The company is based in Norfolk Roydon has a 55,000-square-foot facility that manufactures polyurethane products.
At present, IFS’s coating and insulation products mainly serve the on-site construction of pipeline joints in the offshore industry. In addition, the company’s spray insulation products are also used in pipeline applications and construction. and business areas.
According to Huntsman, this acquisition is the latest step in the company’s plan to strengthen its downstream differentiated development capabilities. The company’s polyurethane business currently has more than 25 production facilities around the world. , reflecting confidence in the long-term development prospects of the MDI-based polyurethane industry.
Huntsman currently has 5 different business units: polyurethanes, performance products, advanced materials, textile effects, pigments and additives. Its pigments and additives business unit is in the process of It was spun off to form an independent company, Venator Materials Company, and the company recently announced its merger plan with Switzerland’s Clariant.
() is deeply involved in the segmented industry of polyurethane raw materials – amine catalysts; it develops and manufactures various types of amine catalysts; main products: A-33|33LV| CS90|C225 |GSY9727|SMP|Z-131| Solid amine, etc., suitable for sponge, molding, high resilience, self-skinning, PU toys and various hard foam and semi-rigid foam and other end products.
