Huntsman Corp. recently announced that it has branded its spray polyurethane foam (SPF) business as Huntsman Building Solutions (HBS). HBS is a global platform within Huntsman’s Polyurethanes division.
The SPF business was formed when Huntsman acquired North American SPF company Icynene-Lapolla in February and combined it with Demilec, which Huntsman acquired in 2018. Simon Baker, previously president of Demilec, and Doug Kramer, formerly president of Icynene-Lapolla, jointly lead HBS. Baker is responsible for Canada and international business, while Kramer is responsible for U.S. business.
“Integration of the two legacy companies is progressing well and the selection of the new name is an important milestone for the Business,” said Tony Hankins, president of Huntsman’s Polyurethanes division. “I’m excited about the opportunities that lie ahead, notwithstanding the current challenges caused by the Covid-19 pandemic.
“SPF is a highly attractive growth business; we have a product offering which is second to none and our products provide significant environmental benefits—not just in terms of energy savings, as they are the most effective thermal insulants in the market; but also in terms of the upcycling of PET bottles and scrap, which are used in our TEROL® polyols, a key ingredient in the production of SPF. HBS will consume significant volumes of our lower margin polymeric MDI—the other key ingredient in SPF formulations— to produce higher margin specialized SPF systems.”
For more information about Huntsman, visit www.huntsman.com.