Huntsman Buys Orica's Australian Surfactants And Chemicals Business.

Chemical Market Reporter, January, 1999 by HARVILICZ, HELENA

HUNTSMAN CORPORATION has acquired the specialty surfactants and chemicals business of Orica Australia Pty Ltd., formerly ICI Australia, for about A$155 million ($94.5 million). The acquisition is a major purchase for Huntsman, giving the company its first surfactants plant outside of North America.

Orica is the only integrated surfactants business in Australia and New Zealand, and the region's only producer of ethylene glycol and glycol ethers. "This acquisition is a perfect complement to our North American surfactants business and a vital part of our global surfactants and chemicals expansion strategy," says Peter R. Huntsman, president and CEO of the privately owned company. "We will now be able to supply the critical AsiaPacific region with the same...

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