THE WOODLANDS, Texas—Huntsman has put its Icynene-Lapolla and Demiclec businesses together in a new brand: Huntsman Building Solutions.
The spray-foam business will stay part of the company's polyurethane division.
"Integration of the two legacy companies is progressing well and the selection of the new name is an important milestone for the business," Tony Hankins, president of the division said. "SPF is a highly attractive growth business (and) we have a product offering which is second to none."
Huntsman acquired Demilec in 2018 and Icycnene-Lapolla in February 2019. Huntsman Building Solutions will continue to be jointly run. Simon Baker, previously president of Demilec, and Doug Kramer, formerly Icycnene-Lapolla's president are both at the helm.
In addition to being active in an attractive market sector, HBS also plays an important part in Huntsman's materials strategy. "HBS will consume significant volumes of our lower-margin polymeric MDI to produce higher margin specialized SPF systems."