Huntsman, the US chemicals group, is considering spending part of a $2.7bn compensation package from the collapse of a buy-out plan to acquire specialty chemical plants in China. The group, which moved its textile chemicals business HQ from Basel to Singapore earlier this year, is eyeing possible facilities including some owned by Clariant and BASF, the Swiss and German chemicals groups. Paul Hulme, president of Huntsman’s textile effects division, said the company was “very liquid” after a failed buy-out attempt by Hexion last year.

This entry was posted by Gwen Robinson on Monday, September 7th, 2009 at 4:51 and is filed under Capital markets, M&A, Private equity. Tagged with basf, clariant, huntsman. Edit this entry.