THE WOODLANDS, Texas—Huntsman Corp. has purchased a 20-percent stake in spray polyurethane foam maker Nippon Aqua Co. Ltd., according to Huntsman.
The companies entered a 10-year supply agreement, signed at Nippon's headquarters in Yokohama, Japan recently. Financial details of the pact weren't released.
Nippon Aqua has more than 30 business locations throughout Japan, and is a subsidiary of Hinokiya Holdings Co. Ltd.