Wilmar to Purchase Huntsman’s Surfactants Business
Huntsman Corp. and Wilmar International Ltd. recently announced that Wilmar’s wholly owned subsidiary, Wilmar Europe Holdings B.V., has agreed to purchase Huntsman’s European commodity surfactants business. Under the terms of agreement, Huntsman plans to sell to Wilmar its ethoxylation facility in Lavera, France. In addition, Wilmar will enter into a multi-year arrangement to purchase sulphated surfactant products from Huntsman’s facilities in St. Mihiel, France, and Castiglione delle Stiviere, Italy.
Separately, Huntsman has also announced its intention to cease production at its Patrica, Italy, commodity surfactants facility by October.
“This restructuring and portfolio repositioning will benefit our Performance Products division in Europe and preserve jobs that otherwise would have been lost,” said Peter Huntsman, president and CEO. “The sale and offtake agreement with Wilmar will further cement the already strong relationship between our two companies. We plan to work closely together with Wilmar to ensure a smooth and seamless transition for customers and other stakeholders.”