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HOUSTON, Jan.
6, 2020 - Indorama Ventures said Monday it has completed a $2 billion acquisition of Huntsman Group's chemical intermediates and surfactants business, significantly expanding its U.
S.
footprint into Higher-margin composite oxides, derivatives and specialty chemicals
.
The deal also allows Huntsman to focus on the growing polyurethane business going forward
.
The deal includes Huntsman's manufacturing operations in Texas, Australia and India
.
Under the deal, Huntsman retained ownership of its diethanolamine (DGA) plant in Port Neches
.