Chemical maker Huntsman to acquire textile business of Ciba
20 Feb '06
3 min read
The transaction's closing is subject to customary terms and conditions, and is expected to occur by the third quarter of 2006.
Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals.
Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has 11,300 employees, 57 operations in 22 countries and had 2004 revenues of $11.5 billion.