THE WOODLANDS, Texas—Huntsman Corp. has completed the acquisition of Modena, Italy-based Techoelastomeri for an undisclosed amount.
A maker of methylene diphenyl dissocyanate, Techoelastomeri markets its diverse product line globally under a number of trademarks, including Tecnoelastomeri engineering urethane elastomers, Tecnothane polyurethane systems, Rithane specialty polyurethane systems, Castech polyurethane machines and Linthane specialty thermoplastic urethanes.
The addition of the firm's experienced team to Huntsman's polyurethanes business will significantly strengthen its offerings to the hot cast elastomeric markets worldwide, according to Tony Hankins, president of Huntsman's polyurethanes division.
“In the past few years, we have strengthened our downstream capabilities and now have more than 25 facilities worldwide,” he said, “These investments reflect our confidence in the long-term growth prospects for MDI-based urethanes.”