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Archroma is committed to supporting global megatrends and societal shifts such as circular fashion, plastic-to-paper replacement, and water-based paints and
February 28, 2023
By: KERRY PIANOFORTE
Editor, Coatings World
Archroma, a global leader in sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings, announced the closing of the acquisition of the Textile Effects business from Huntsman Corporation. When the Huntsman Textile Effects acquisition was first announced in August 2022, Archroma Group Chief Executive Officer (CEO) Heike van de Kerkhof called the transaction a “merger of equals”. Indeed, the global business of Huntsman Textile Effects comprises approximately 2,300 employees in 33 countries and 10 production sites globally which, when combined with Archroma, means the company will have more than 5,000 employees in total, in 42 countries and 35 production sites. The companies’ combined product portfolios will be highly complementary, offering fashion brands and the global textile industry the high performance and innovation they expect, whilst respecting natural resources and the planet. Archroma is a portfolio company of US-based private investment firm SK Capital Partners. Since its formation in 2013, the company has been building a comprehensive portfolio of solutions to serve the apparel, textiles, packaging, paper, coatings, adhesives and sealants markets. The acquisition of Huntsman Textile Effects adds to the rich heritages of Archroma, with Archroma having previously acquired the global textile chemicals business of BASF, M. Dohmen, and the stilbene-based paper optical brightener business of BASF. In addition to the closing of the Textile Effects acquisition, Archroma announced that it has updated its overall business into two operating divisions for growth, each focused on a separate end market. The Textile Effects business acquired from Huntsman will be integrated with the Brand & Performance Textile Specialties business of Archroma into one new division named Archroma Textile Effects. The new division will be led by Rohit Aggarwal, former President of Huntsman Textile Effects, who is appointed as Divisional President & CEO of the Archroma Textile Effects division, as well as President Asia. The Packaging & Paper Specialties and Coatings, Adhesives & Sealants businesses of Archroma have been recently combined into one new division named Archroma Paper, Packaging & Coatings, under the leadership of Sameer Singla, Divisional President & CEO of the Archroma Paper, Packaging & Coatings division, as well as President Americas and Europe, Middle East & Africa. This new structure will ensure that both divisions obtain the resources and focus needed to continue providing Archroma’s customers and business partners with the superior experience and solutions they have come to expect. In particular, Archroma is committed to supporting global megatrends and societal shifts such as circular fashion, plastic-to-paper replacement, and water-based paints and coatings, with the innovations and solutions needed to do so.
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