The Competition Commission of India (CCI) approves acquisition of the textile effects business of Huntsman International by Archroma Operations S.à.r.l.
The Proposed Combination envisages acquisition of Textile Effects business of Huntsman International LLC (Target Business) by Archroma Operations S.à.r.l (Archroma).
Archroma is incorporated under the laws of Luxembourg. It manufacturers (i) dyes, (ii) pigments, (iii) emulsions and (iv) surface active chemicals used in the textile, paper, coatings, construction and adhesive industries.
The Target Business is said to be a global solutions provider in the wet processing of textiles across pre-treatment, coloration, printing and finishing, and offers a range of textile chemicals, dyes and digital inks.
Detailed order of the CCI will follow.
Since its formation in 2013, through a series of mergers & acquisitions, as well as internal investments in R&D, manufacturing and service capabilities, Archroma has been building a comprehensive portfolio of solutions to serve the emerging needs of the textile industry. The combination with Textile Effects and its rich historical roots of Huntsman and Ciba Specialties will create a technology powerhouse that will include Archroma’s legacy heritages of Sandoz, Hoechst, Clariant, BASF and Dohmen who have been at the cutting edge of the textile industry for decades, and together will continue to serve customers for years to come.