Huntsman Corp. announced that it has sold Huntsman Gomet, an Italy-based business, to Trelleborg Group for €42.5 million (approximately $50 million), subject to customary post-closing adjustments. Huntsman said it plans to use the proceeds to reduce outstanding borrowings.
Huntsman Gomet makes molded rubber and thermoplastic automotive aftermarket components, and it operates within Huntsman's Polyurethanes division, the company said. Huntsman said it acquired the business in 2014 as part of...
AftermarketInsight