#United States #Woodlands #Huntsman #Trelleborg #Gomet

Huntsman Corporation Divests its Italian Automotive Business

In an important strategic move, Huntsman Corporation (NYSE: HUN) has announced the sale of its automotive aftermarket business, Huntsman Gomet, located in Azeglio, Italy, to the Trelleborg Group. The deal, which is valued at €42.5 million (approximately $50 million), marks a significant reorientation for Huntsman. The transaction is subject to customary post-closing adjustments and is expected to bolster Huntsman's financial position by reducing outstanding borrowings.

Huntsman Gomet is recognized for its expertise in the production of molded rubber and thermoplastic components tailored for the automotive aftermarket. This division has been part of Huntsman’s Polyurethanes segment since Huntsman's acquisition of Rockwood in 2014. In 2025, Gomet reported revenue of around €24 million, highlighting its contribution to Huntsman's overall operations.

This divestment is part of Huntsman's ongoing strategy to streamline operations and enhance its focus on core business segments. The proceeds from this sale will be strategically utilized to pay down debt, thereby strengthening Huntsman's balance sheet.

In a statement, Huntsman’s leadership emphasized the importance of this transaction in aligning their portfolio with market demands and improving operational efficiency. “The sale of Huntsman Gomet allows us to refocus our resources on our most promising areas of growth while simultaneously improving our financial flexibility,” the statement read.

Financial advisement for the deal was provided by Houlihan Lokey, a leading global investment bank, while Freshfields LLP served as legal counsel to Huntsman Corporation during this transaction.

About Huntsman Corporation

Huntsman Corporation is a globally recognized manufacturer and marketer of diversified chemical products, with revenues amounting to approximately $6 billion from its continuing operations in 2025. The company operates a vast network of over 55 manufacturing and research facilities across 25 countries and employs about 6,000 associates in its ongoing operations. Huntsman's extensive product portfolio, which includes thousands of chemical products, serves varied consumer and industrial markets worldwide.

For more insights into Huntsman’s initiatives and innovations, interested parties can explore the company’s offerings at huntsman.com.

This move is anticipated to further solidify Trelleborg Group’s position in the automotive sector while providing Huntsman with substantial capital to reinvest in its core businesses. As Huntsman Corporation continues to adapt to evolving market conditions, the focus remains steadfast on achieving long-term growth and sustainability.

Conclusion

The sale of Huntsman Gomet not only signifies a pivotal moment in Huntsman's operational strategy but also reflects the dynamic nature of the automotive aftermarket segment. As companies like Huntsman continue to refine their business models, the potential for innovation and improvement remains extensive, more than ever in the competitive landscape of global chemical manufacturing.