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Huntsman forms spin-off company

February 2nd, 2017 / By: / Industry News

Huntsman has formed a spin-off company named “Venator,” the Latin word for “hunter,” intended, in part, to acknowledge the Huntsman legacy. Venator shares are expected to trade on the New York Stock Exchange under the ticker VNTR after the distribution to Huntsman’s shareholders, which remains targeted for the second quarter of 2017.

Meanwhile Huntsman continues to improve its free cash flow generation and grow its downstream differentiated businesses. During 2016, it also repaid approximately $550 million in debt and significantly strengthened its balance sheet.

Based in Switzerland, Huntsman manufactures a range of dyes and chemical products that enhance the color of finished textiles and improve performance characteristics, such as wrinkle resistance, lasting freshness and the ability to repel water and stains.