Huntsman Corporation plans to acquire CVC Thermoset Specialties, a North American chemical manufacturer serving the industrial composites, adhesives and coatings markets for US$300 million.
According to the company, CVC, part of Emerald Performance Materials LLC, has annual revenues of approximately US$115 million with two manufacturing facilities located in Akron, Ohio, and Maple Shade, New Jersey.
‘The acquisition of CVC Thermoset Specialties brings valuable complementary technology breadth to our Advanced Materials portfolio and its unique products will make systems using our class-leading epoxy-based materials even tougher, stronger, and more durable,’ said Scott Wright, president of Huntsman’s Advanced Materials division. ‘This business manufactures highly specialized toughening, curing and other additives used in a wide range of composite, adhesive and coatings applications across aerospace, automotive and industrial markets.’
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.
