industry chemicals founded 1970 founder jon m. huntsman headquarters the woodlands texas corporate salt lake city utah executive key people jon m. huntsman executive chairman peter r. huntsman president and ceo revenue us 10.299 billion 2015 1 operating income us 405 million 2015 1 net income us 126 million 2015 1 total assets us 9.820 billion 2015 1 number of employees 16 000 website huntsman.com huntsman corporation is an american multinational manufacturer and marketer of chemical products for consumers and industrial customers . huntsman manufactures assorted polyurethanes performance products and pigments for customers like bmw ge chevron procter & gamble and unilever . with headquarters in the woodlands texas and executive offices in salt lake city utah they operate more than 100 manufacturing and r & d facilities in over 30 countries and employ approximately 15 000 associates across 5 business divisions . huntsman corporation had 2014 revenues of over 12 billion . contents 1 history 2 business segments 3 terminated takeover agreement 4 references 5 external links history edit the huntsman corporation was initially founded as the huntsman container corporation in 1970 by jon huntsman sr. it went public as the huntsman corporation on the new york stock exchange nyse hun in february 2005 . huntsman has grown through a series of acquisitions with some divestitures and today is a manufacturer and marketer of differentiated chemical products . in april 1994 huntsman acquired the texaco chemical company for 1.06 billion . 2 texaco inc. agreed to sell its last remaining petrochemicals plant to huntsman in 1999 for about 600 million . 3 the huntsman corporation became the then third largest petrochemical business in the united states when in 1999 it acquired imperial chemical industries polyurethanes titanium dioxide aromatics and petrochemical global businesses for 2.8 billion . 4 huntsman also acquired the performance additives and titanium dioxide tio2 businesses of rockwood holdings inc. on october 1 2014 to become the second largest global producer of titanium dioxide and inorganic color pigments for uses like paints and industrial coatings . 5 huntsman paid approximately 1 billion in cash and assumed certain unfunded european pension liabilities . 6 business segments edit advanced materials is a supplier of synthetic and formulated polymer systems . huntsman s epoxy acrylic and polyurethane based polymer products are used to replace traditional materials in aircraft automobiles and electrical power transmission . polyurethanes manufactures mdi based polyurethane solutions used in an extensive range of applications and market sectors . polyurethanes provide key benefits of energy efficiency comfort and well being . insulation products conserve energy in housing and commercial properties and play a critical role in the food supply chain keeping products at the right temperature in refrigerated vehicles chiller cabinets and refrigerators . polyurethanes also provide comfort and well being in automotive seating furniture bedding and footwear . adhesive products coatings and elastomers are used extensively throughout consumer and industrial applications . performance products manufactures products primarily based on amines carbonates surfactants and maleic anhydride . end uses include agrochemicals oil and gas and alternative energy solutions home detergents and personal care products adhesives and coatings mining and polyurethane epoxy curing agents . pigments and additives is a manufacturer of titanium dioxide pigments and additives used to add performance and color to items such as paints inks plastics and concrete to cosmetics pharmaceuticals and food . textile effects manufactures and markets textile dyes and chemicals that enhance color and improve performance such as fade resistance uv blocking and the ability to repel water and stains in apparel home and technical textiles . terminated takeover agreement edit in june 2007 it was announced that huntsman had agreed to be acquired by access industries owned by the billionaire len blavatnik for 5.88 billion in cash . huntsman shareholders would receive 25.25 a share from access industries chemical unit basell holdings based in hoofddorp netherlands . access would assume 3.7 billion of huntsman debt . however on july 12 2007 the agreement was terminated as huntsman agreed to be bought by apollo management for 6.51 billion or 28 a share . 7 huntsman filed a suit against apollo management and its two partners in texas after the group backed out of the deal to purchase the chemical company . the suit alleged fraud against apollo management as huntsman believed that the group never intended to allow its hexion specialty chemicals unit to buy huntsman corp. for 6.5 billion . huntsman also claimed apollo put forth a higher bid to prevent the basell af buyout as it would have threatened hexion s market share . hexion stated huntsman s declining financial position as the reason the deal was terminated . 8 upon termination of the hexion merger agreement the huntsman stock value dropped by almost 50 % . in december 2008 apollo and hexion agreed to pay huntsman 1 billion in return for huntsman dropping all charges against them . a suit against the funding banks was settled in 2009 for 632 million in cash and 1.1 billion in loans to the huntsman corporation . 9 references edit a b c d huntsman corporation and subsidiaries huntsman international llc and subsidiaries 2015 annual report on form 10 k . securities and exchange commission . retrieved 8 april 2016 . huntsman to buy texaco chemical plant . the new york times . retrieved 12 october 2015 . ewing terzah . texaco to sell chemicals plant to huntsman for 600 million . wall street journal . retrieved 12 october 2015 . business the company file mormon family buys ici chemicals . bbc news . retrieved 12 october 2015 . fox rubin ben . huntsman to buy rockwood units for 1.1 billion . wall street journal . retrieved 12 october 2015 . huntsman corporation . 2014 . huntsman completes acquisition of rockwood s performance additives and titanium dioxide businesses press release . retrieved from http www.huntsman.com corporate applications itemrenderer p rendertitle no & p renderdate no & p renderteaser no & p item id 988006371 & p item caid 1123 kingsbury kevin ; campoy ana july 13 2007 . why apollo was so keen to acquire huntsman . the wall street journal . p. a7 . retrieved 23 july 2010 . associated press 2008 06 23 . huntsman sues apollo for backing out of deal . chicago tribune . retrieved 2008 06 24 . easton nina july 5 2010 . inside an american dynasty . fortune . 162 1 107 116 . external links edit official website official chinese website history retrieved from https en.wikipedia.org w index.php title huntsman corporation & oldid 743654026 categories companies listed on the new york stock exchangechemical companies of the united statesmanufacturing companies established in 1982economy of salt lake citythe woodlands texas1970 establishments in utah navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschesperanto fran ais suomi edit links this page was last modified on 10 october 2016 at 15 51 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia 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