Huntsman acquires Italian automotive specialty parts producer

US chemicals manufacturer Huntsman Corporation is integrating Italy-based Gomet, a specialty components producer for the automotive after care market, into its Polyurethanes division.

Gomet, a business division of Rockwood Italia SpA transferred to the Polyurethanes division following Huntsman’s purchase of a number of chemical businesses from Rockwood Holdings, Inc– a deal which closed on October 1.

Located in Azeglio, in the Piedmont region of northern Italy, Gomet manufactures a variety of automotive products including protective boots for constant velocity joints; steering gaiters; dust covers; bounce bumpers and shock absorber service kits (SASKs).

With Huntsman’s Polyurethanes division, Gomet will sit alongside the division’s existing automotive business, whose MDI-based technologies are used by many of the world’s leading automotive manufacturers. Working closely with OEMs, the Polyurethanes division’s global automotive team develops high quality materials and systems that improve comfort, performance and safety in seating, armrest, door, instrument panel and under bonnet applications.

Anthony P. Hankins, President of Huntsman’s Polyurethanes division said that the addition of Gomet will boost the company’s existing automotive business, leading to the development of innovative new solutions for this dynamic and growing sector of the automotive after care market.

Huntsman Polyurethanes operates world scale MDI facilities at its sites in Geismar, US; Rotterdam, Netherlands; and Shanghai, China and has a global downstream network of more than 20 highly capable formulation facilities.

(IMA)

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