# Archroma to close acquisition of Huntsman Textile Effects on Feb 28, 2023

Archroma expects to close its acquisition of Huntsman Textile Effects on February 28, 2023. The transaction was first announced on August 9, 2022.

- Type: Acquisition
- Announced: 2023-02-15
- Where: Pratteln, Switzerland, Switzerland
- Value: $718.0M
- Jobs: 2,300
- Status: announced
- Products: textile chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Huntsman Corp.](https://endata.com/companies/1591.md) (partner)
- [Huntsman Corp.](https://endata.com/companies/1591.md) (target)
- [Archroma](https://endata.com/companies/26350.md) (acquirer)
- [Huntsman Textile Effects](https://endata.com/companies/64650.md) (target)

## Sources

- [archroma.com](https://www.archroma.com/press-releases/archroma-expected-to-close-acquisition-of-huntsman-textile-effects-on-28-february-2023), 2023-02-15: "Both parties expect the transaction, which was first announced on 09 August 2022, to close on 28 February 2023."
- [nonwovensnews.com](https://www.nonwovensnews.com/2023/02/16/archroma-to-close-huntsman-textile-effects-acquisition/), 2023-02-16: "We are very excited to see this acquisition nearing completion."
- [chemanager-online.com](https://chemanager-online.com/en/news/archroma-to-close-huntsman-textile-effects-buy-on-feb-28), 2023-02-21: "the two sides will be able to combine their expert teams and highly complementary product portfolios"
- [archroma.com](https://www.archroma.com/press-releases/archroma-completes-acquisition-of-the-textile-effects-business-of-huntsman-corporation), 2023-02-28: "Archroma, a global leader in sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings, today announced the closing of the acquisition of the Textile Effects business from Huntsman Corporation."
- [innovationintextiles.com](https://innovationintextiles.com/archroma-closes-textile-effects-merger/), 2023-03-01: "Archroma has closed the acquisition of the Textile Effects business of Huntsman Corporation."
- [textilesouthasia.com](https://textilesouthasia.com/2023/03/01/archroma-completes-acquisition/), 2023-03-01: "Archroma, a global leader in sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings, today announced the closing of the acquisition of the Textile Effects business from Huntsman Corporation."
- [wwd.com](https://wwd.com/sourcing-journal/industry-news/archroma-acquisition-huntsman-corporation-textile-effects-chemicals-dye-sustainable-1238812701/), 2023-03-01: "The acquisition of Huntsman Textile Effects enhances Archroma's position as a leader in innovative textile chemicals and sustainable solutions."

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