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January 3, 2017
By: KERRY PIANOFORTE
Editor, Coatings World
Huntsman has announced that it has completed the sale of its European surfactants business to Innospec for an enterprise value of $225 million. This business represented approximately $24 million of EBITDA in 2015. Huntsman intends to make a $260 million early repayment of debt using proceeds from the sale and existing cash. This debt repayment is in addition to the recent debt reductions of $100 million in September 2016 and $100 million in July 2016.
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