Huntsman and Clariant agree merger deal
Uniting Huntsman’s bulk materials with Clariant’s additives gives a more integrated speciality chemicals offering
Clariant and Huntsman have agreed a ‘merger of equals’, creating a speciality chemicals giant with annual sales of about $13 billion (£10 billion).
HuntsmanClariant’s headquarters will be in Clariant’s Swiss home near Basel, while Huntsman’s base in The Woodlands, north of Houston, US, will become its operational HQ. Clariant’s chief executive, Hariolf Kottmann, is to be the new entity’s chairman. Huntsman president and chief executive Peter Huntsman will be the chief executive.