Huntsman Corporation is to acquire Gabriel Performance Products, a North American manufacturer of additives and epoxy curing agents, for US$250 million.
According to the company, Gabriel had 2019 revenues of approximately US$106 million with three manufacturing facilities located in Ashtabula, Ohio, Harrison City, Pennsylvania and Rock Hill, South Carolina.
‘The acquisition of Gabriel Performance Products broadens the offering in our specialty portfolio and is complementary to our recent acquisition of CVC Thermoset Specialties,’ said Scott Wright, president of Huntsman Advanced Materials. ‘Gabriel makes highly specialized toughening and curing agents and other additives used in a wide range of composite, adhesive and coatings applications. We expect that the Gabriel business will strengthen our North America footprint and provide significant commercial synergies as we expand and globalize their specialty products across our global footprint and customer base.’
This story uses material from Huntsman, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.