Huntsman Corporation (NYSE: HUN) completed the sale of its Italian automotive aftermarket business, Huntsman Gomet, to Trelleborg Group for €42.5 million, approximately $50 million, according to a company statement.

The sold business, located in Azeglio, Italy, manufactures molded rubber and thermoplastic automotive aftermarket components. Gomet was part of Huntsman's Polyurethanes division and generated revenues of approximately €24 million in 2025.

Huntsman acquired Gomet in 2014 as part of its acquisition of Rockwood. The transaction includes customary post-closing adjustments, and proceeds will be used to reduce outstanding borrowings.

Houlihan Lokey served as financial advisor and Freshfields LLP provided legal counsel to Huntsman for the transaction.

Huntsman Corporation operates as a global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from continuing operations. The company operates more than 55 manufacturing, research and development, and operations facilities across approximately 25 countries and employs about 6,000 associates within its continuing operations.