THE WOODLANDS, Texas—Huntsman Corp. has purchased a 20-percent stake in spray polyurethane foam maker Nippon Aqua Co. Ltd, according to Hunstman.
Financial details were not released. The companies signed a 10-year supply agreement.
Nippon Aqua is based in Yokohama, Japan, and has more than 30 business locations across Japan. It is a subsidiary of Hinokiya Holdings Co. Ltd.