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Archroma completes Textile Effects buy

SK Capital subsidiary Archroma has closed the acquisition of the Singapore-based Huntsman Textile Effects business. Described as a merger of equals, this will create a company over 5,000 employees in 42 countries and 35 production sites. Archroma also announced a split into two operating divisions, each focused on a separate end market.

Archroma to buy Huntsman Textile Effects

As had been widely anticipated, SK Capital Partners operation Archroma has entered into a definitive agreement to acquire the Singapore-based Textile Effects business of Huntsman. Closing is expected to take place in 1H 2023, subject to customary conditions and regulatory approval. Textile Effects had sales of $772 million and adjusted EBITDA of $94 million in the last financial year.

Archroma, Huntsman in textile alliances

Archroma and Huntsman Textile Effects have both announced alliances in textile technology. The former has joined Jeanologia to launch the Pad-Ox G2 Cold dyeing process, while the latter has formed a strategic partnership with Sciessent in antimicrobial and odour-control technology.

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