Archroma has closed the acquisition of the Textile Effects business of Huntsman Corporation.

Huntsman Textile Effects comprises approximately 2,300 employees in 33 countries and 10 production sites globally which, when combined with Archroma, means the company will have more than 5,000 employees in total, in 42 countries and at 35 production sites.

The combined product portfolios of the two companies will be highly complementary. Archroma is a portfolio company of US-based private investment firm SK Capital Partners. Since its formation in 2013, it has been building a comprehensive portfolio of solutions to serve the apparel, textiles, packaging, paper, coatings, adhesives and sealants markets. The acquisition of Huntsman Textile Effects adds to the heritage of Archroma, which has previously acquired the global textile chemicals and optical brightener businesses of BASF as well as M. Dohmen.

In addition to the closing of the Textile Effects acquisition, Archroma has updated its overall business into two operating divisions, each focused on a separate end market.

The Textile Effects business acquired from Huntsman will be integrated within the Brand and Performance Textile Specialties business of Archroma into one new division named Archroma Textile Effects. The new division will be led by Rohit Aggarwal, former president of Huntsman Textile Effects.

The Packaging and Paper Specialties and Coatings, Adhesives and Sealants businesses of Archroma have also been combined into one new division named Archroma Paper, Packaging and Coatings, under the leadership of Sameer Singla,.

In particular, Archroma is committed to supporting global megatrends and societal shifts such as circular fashion, plastic-to-paper replacement, and water-based paints and coatings.

 “We are very proud of Archroma’s achievements in recent years which have been driven by innovation and organic initiatives, as well as the integration of strategic acquisitions,” said Archroma CEO Heike van de Kerkhof. “We have made substantial investments in the development and production of high performance and earth-friendlier dyes, as well as a host of systems and solutions that reduce the environmental and energy footprints of the mills. The acquisition of Huntsman Textile Effects enhances Archroma’s position as a leader in innovation, service and sustainability and creates a powerhouse with superior capabilities to serve our customers and markets.”

www.archroma.com