Huntsman Corporation Acquires Icynene-Lapolla
December 5, 2019
Huntsman Corporation announced an agreement to acquire Icynene-Lapolla from an affiliate of FFL Partners for $350 million in an all-cash transaction. Icynene-Lapolla is a North American manufacturer and distributor of spray polyurethane foam insulation with ~ $230 million in annual revenues and manufacturing facilities in Houston, Texas and Mississauga, Ontario; the deal was positioned to expand Huntsman's downstream insulation capabilities and global spray-foam offering.
- Buyers
- Huntsman Corporation
- Targets
- Icynene-Lapolla
- Sellers
- An affiliate of FFL Partners, LLC
- Industry
- Building Products
- Location
- Texas, United States
- Transaction Type
- Buyout
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