Chemical company Huntsman Corporation has completed its acquisition of IFS Chemicals Limited (IFS), a UK formulators of methylene diphenyl diisocyanate (MDI) based systems. The purchase price was not disclosed.
Located in Kings Lynn, UK, IFS was established more than 35 years ago and its MDI systems are used in a range of end markets, including insulation, appliances, automotive and elastomeric applications.
‘The acquisition represents the latest step in our plan to strengthen our differentiated downstream capabilities and we now have more than 25 facilities worldwide, reflecting our confidence in the long-term growth prospects for MDI-based urethanes,’ said Tony Hankins, president of Huntsman's Polyurethanes division.
This story is reprinted from material from Huntsman, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.