# 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.

- Type: Acquisition
- Announced: 2020-10-28
- Where: India, India
- Value: $285.0M
- Status: announced
- Products: DIY consumer adhesives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Huntsman Corp.](https://endata.com/companies/1591.md)
- [Huntsman Corp.](https://endata.com/companies/1591.md) (partner)
- [Huntsman Corp.](https://endata.com/companies/1591.md) (target)
- [Pidilite Industries](https://endata.com/companies/19780.md) (acquirer)
- [Huntsman Advanced Materials Solutions Private Ltd](https://endata.com/companies/50838.md) (target)
- [Huntsman Advanced Materials Solutions](https://endata.com/companies/50853.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/huntsman-announces-the-sale-of-its-india-based-diy-consumer-adhesives-business-301162123.html), 2020-10-28: "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."
- [thehindu.com](https://www.thehindu.com/business/Industry/pidilite-to-acquire-huntsman-unit-for-2100-crore/article32969691.ece), 2020-10-29: "Pidilite Industries Ltd has entered into a definitive agreement with Huntsman Group (USA) to acquire 100% stake in one of its subsidiaries in India, Huntsman Advanced Materials Solutions Private Ltd (HAMSPL)."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/pidilite-buys-araldite-maker-for-rs-2100cr/articleshow/78941650.cms), 2020-10-29: "Araldite is an iconic brand and a market leader in epoxy adhesives in India."
- [constructionworld.in](https://www.constructionworld.in/paint-industry-updates/Pidilite-acquires-consumer-adhesives-from-Huntsman-for-$285-million/24446), 2020-11-02: "Texas, US-based Huntsman Corporation announced last week that it has entered into a definitive agreement to sell its India based Do-It-Yourself (DIY) consumer adhesives business to Pidilite Industries in an all-cash transaction valued at up to $285 million."
- [thehindu.com](https://www.thehindu.com/business/Industry/pidilite-industries-completes-acquisition-of-huntsman-groups-indian-subsidiary-for-2100-crore/article33020761.ece), 2020-11-04: "The company has completed the acquisition of 100% stake in Huntsman Advanced Materials Solutions Private Ltd (HAMSPL), on November 3, 2020."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.