Archroma/Huntsman Textile Effects
(L-to-R) Thomas Bucher, Heike van de Kerkhof, Sameer Singla, Rohit Aggarwal (Source: Archroma)
Archroma announced the closing of the acquisition of the Textile Effects business from Huntsman Corp., The Woodlands, TX/USA, on February 28, 2023.
When the Huntsman Textile Effects acquisition was first announced in August 2022, Archroma Group Chief Executive Officer (CEO) Heike van de Kerkhof called the transaction a “merger of equals”. Indeed, the global business of Huntsman Textile Effects comprises approx. 2,300 employees in 33 countries and 10 production sites globally which, when combined with Archroma, 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.
Archroma Management GmbH, Pratteln/Switzerland, a portfolio company of private investment firm SK Capital Partners, LP, New York, NY/USA, is a leader in sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings. Since its formation in 2013, the company has been building a comprehensive portfolio of solutions to serve the apparel, textiles, packaging, paper, coatings, adhesives and sealants markets.
New divisions with new names
In addition to the closing of the Textile Effects acquisition, Archroma announced that it has updated its overall business into 2 operating divisions for growth, each focused on a separate end market.
The Textile Effects business acquired from Huntsman will be integrated with the Brand & Performance Textile Specialties business of Archroma into one new division named Archroma Textile Effects. The new division will be led by Rohit Aggarwal, former President of Huntsman Textile Effects, who is appointed as Divisional President & CEO of the Archroma Textile Effects division, as well as President Asia.
The Packaging & Paper Specialties and Coatings, Adhesives & Sealants businesses of Archroma have been recently combined into one new division named Archroma Paper, Packaging & Coatings, under the leadership of Sameer Singla, Divisional President and CEO of the Archroma Paper, Packaging & Coatings division, as well as President Americas and EMEA (Europe, Middle East and Africa).
When the Huntsman Textile Effects acquisition was first announced in August 2022, Archroma Group Chief Executive Officer (CEO) Heike van de Kerkhof called the transaction a “merger of equals”. Indeed, the global business of Huntsman Textile Effects comprises approx. 2,300 employees in 33 countries and 10 production sites globally which, when combined with Archroma, 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.
Archroma Management GmbH, Pratteln/Switzerland, a portfolio company of private investment firm SK Capital Partners, LP, New York, NY/USA, is a leader in sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings. Since its formation in 2013, the company has been building a comprehensive portfolio of solutions to serve the apparel, textiles, packaging, paper, coatings, adhesives and sealants markets.
New divisions with new names
In addition to the closing of the Textile Effects acquisition, Archroma announced that it has updated its overall business into 2 operating divisions for growth, each focused on a separate end market.
The Textile Effects business acquired from Huntsman will be integrated with the Brand & Performance Textile Specialties business of Archroma into one new division named Archroma Textile Effects. The new division will be led by Rohit Aggarwal, former President of Huntsman Textile Effects, who is appointed as Divisional President & CEO of the Archroma Textile Effects division, as well as President Asia.
The Packaging & Paper Specialties and Coatings, Adhesives & Sealants businesses of Archroma have been recently combined into one new division named Archroma Paper, Packaging & Coatings, under the leadership of Sameer Singla, Divisional President and CEO of the Archroma Paper, Packaging & Coatings division, as well as President Americas and EMEA (Europe, Middle East and Africa).
