Huntsman (HUN) Nabs 20% Stake in Nippon Aqua; Terms Not Disclosed

March 14, 2013 8:26 AM EDT Send to a Friend
Huntsman Corporation (NYSE: HUN) announced that it has acquired a 20% stake in Nippon Aqua Co. Ltd. (Nippon Aqua), a spray polyurethane foam (SPF) insulation company based in Yokohama, Japan, and that it has entered into a 10 year supply agreement with the company. The financial terms of the deal were not disclosed.

Nippon Aqua is the SPF market leader in Japan, with business operations in over 30 locations across the country, and is a subsidiary of leading residential home builder Hinokiya Holdings Co. Ltd. Huntsman supplies various advanced MDI-based polyurethanes systems to Nippon Aqua.


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