Huntsman closes in on India-based Laffans Petrochemicals

08/1/2010 | Bloomberg Businessweek

Texas-based Huntsman has reached an agreement to acquire India's Laffans Petrochemicals in a deal that is expected to be completed during the first half of 2011, the U.S. chemical maker said Saturday. Laffans, which produces amines for detergents and other consumer applications, will bring Huntsman's sales in India to about $260 million. Financial terms of the deal were not announced.

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