Huntsman sells India DIY adhesives business to Pidilite for up to $285M

Huntsman Corporation entered a definitive agreement to sell its India-based DIY consumer adhesives business to Pidilite Industries Ltd. in an all-cash transaction valued at up to $285 million. The transaction is expected to close within the coming week.

“Huntsman Corporation announced today that it has entered into a definitive agreement to sell its India based Do-It-Yourself (DIY) consumer adhesives business, part of the Advanced Materials division, to Pidilite Industries Ltd. in an all-cash transaction valued at up to $285 million.”prnewswire.com

• 5 sources
• prnewswire.comHuntsman Announces the Sale of its India Based DIY Consumer Adhesives BusinessHuntsman CorporationOct 28, 2020
• thehindu.comPidilite to acquire Huntsman unit for ₹2,100 crore - The HinduSpecial CorrespondentOct 29, 2020
• timesofindia.indiatimes.comPidilite buys Araldite maker for Rs 2,100 crore - Times of IndiaTNNOct 29, 2020
• constructionworld.inPidilite acquires consumer adhesives from Huntsman for $285 millionNov 2, 2020
• thehindu.com

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