HUN completes acquisition of leading manufacturer of spray polyurethane
HUN has completed several acquisitions over the past five years, including the 2019 purchase of Icynene-Lapolla, a leading manufacturer and distributor of spray polyurethane foam insulation systems for a variety of applications. The move, completed at a cost of $350.0 million, allowed HUN to gain access to Icynene-Lapolla’s products used in residential and commercial applications. The combination of Icynene-Lapolla with Demilec, the business HUN acquired in 2018, creates the world's leading supplier of spray foam products used to insulate commercial and residential structures.
M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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