Huntsman Completes Acquisition of Polyurethane Elastomer Manufacturer
Huntsman Corp. recently announced it has completed its acquisition of Tecnoelastomeri, a manufacturer and marketer of methylene diphenyl diisocyanate (MDI)-based hot-cast elastomer systems and processing machines, based in Modena, Italy. The company had sales in 2014 of approximately $12 million.
“We are very pleased with the acquisition of Tecnoelastomeri,” said Tony Hankins, president, Polyurethanes division. “The addition of its highly experienced team to our Polyurethanes business will significantly strengthen our offer to the growing, downstream hot-cast elastomer markets globally.”