Archroma, a global provider of sustainable specialty chemicals and solutions for industries such as textiles, packaging and paper, paints, and coatings, completed the acquisition of the Textile Effects business from Huntsman Corp.
When the Huntsman Textile Effects acquisition was first announced in August 2022, Heike van de Kerkhof (shown), Archroma Group CEO, called the transaction a “merger of equals”.
Indeed, the global business of Huntsman Textile Effects comprises ~ 2,300 employees in 33 countries and 10 production sites globally. When combined with Archroma, that means the company will have more than 5,000 employees in total, in 42 countries and 35 production sites. The companies’ combined product portfolios will be highly complementary, offering fashion brands and the global textile industry the high performance and innovation they expect, whilst respecting natural resources and the planet.
Archroma is a portfolio company of US-based private investment firm SK Capital Partners.