Huntsman Corporation completed the acquisition of Gabriel Performance Products LLC, a leading provider of specialty chemicals, for $250 million. The transaction closed on January 15, 2021.

Acquirer: Huntsman Corporation (US)
Target: Gabriel Performance Products LLC (US)
Deal Value: $250m
Type: Acquisition
Closing Date: January 15, 2021
Announcement Date: December 7, 2020
Buy-side Advisors: Grace Matthews, Audax Private Equity, Houlihan Lokey, Clifford Chance
Sell-side Advisors: Audax Private Equity
Legal Buy-Side: Achelous Partners, Dechert LLP, Clifford Chance
Legal Sell-Side: Not disclosed

Huntsman Corporation acquired Gabriel Performance Products LLC to expand its specialty chemicals portfolio and further integrate into key growth segments. The transaction is expected to strengthen Huntsman's market position in high-performance materials.

Gabriel Performance Products specializes in a range of products including polyurethane elastomers, sealants, adhesives, and coatings for various end markets such as automotive, construction, electronics, and consumer goods. With the acquisition, Huntsman aims to enhance its offering through technological advancements and improved operational efficiencies.