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Huntsman Corporation has agreed to acquire Icynene-Lapolla, a North American manufacturer of spray polyurethane foam insulation systems, from FFL Partners for $350 million in cash. The transaction is expected to close in the first half of 2020.
Huntsman Corp. agreed to acquire Icynene-Lapolla, a North American manufacturer and distributor of spray polyurethane foam insulation systems, which has annual revenues of approximately $230 million and manufacturing facilities in Houston, Texas, and Mississauga, Ontario.