Huntsman Corp. has completed the acquisition of Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. Huntsman acquired the business from an affiliate of FFL Partners LLC for $350 million, subject to customary closing adjustments, in an all-cash transaction funded with available liquidity.

The acquisition of Icynene-Lapolla is aligned with Huntsman’s strategy of growing its downstream polyurethanes business. The combination of Icynene- Lapolla with Demilec, the SPF business Huntsman acquired in 2018, will create the world’s leading supplier of spray foam products used to insulate commercial and residential structures. The acquisition will further strengthen Huntsman’s portfolio, providing customers with an unmatched product offering.

For more information, visit www.huntsman.com.