Huntsman Divests Automotive Aftermarket Business to Streamline Operations and Reduce Debt

Huntsman Corporation (HUN) strategically divests its automotive aftermarket business, Huntsman Gomet, as part of an effort to streamline operations and reduce debt. The sale to Trelleborg Group for €42.5 million (approximately $50 million) marks a crucial step for Huntsman in focusing on its core competencies within the diversified chemicals sector. This transaction is expected to facilitate a more efficient allocation of resources and allow Huntsman to better position itself in the competitive market landscape. Huntsman Gomet has been part of the company since its integration into the Polyurethanes division after the acquisition of Rockwood in 2014, illustrating Huntsman’s proactive approach in reassessing assets for optimal business outcomes.

Optimizing Operations Through Strategic Divestiture

Located in Azeglio, Italy, Huntsman Gomet specializes in manufacturing high-quality molded rubber and thermoplastic components essential for the automotive industry. This focus has enabled the business to generate significant revenues, capturing around €24 million in 2025. However, as Huntsman Corporation looks towards the future, the decision to sell Gomet aligns with the company's strategic objective of enhancing financial flexibility. The transaction highlights Huntsman’s commitment to optimizing its portfolio, ensuring each segment contributes effectively to the overall business health.

Future Focus on Core Competencies

As Huntsman continues to refine its operational strategy amid evolving market conditions, the automotive sector remains a pivotal area of focus. By offloading its aftermarket business, Huntsman enhances its capacity to invest in core divisions that promise higher growth and profitability. This decision follows a series of strategic moves by the company aimed at streamlining operations and bolstering financial stability. The expertise of financial advisor Houlihan Lokey and legal counsel Freshfields LLP further underscores the diligence with which Huntsman undertakes these significant transactions.

Company's Strong Position in the Market

In 2025, Huntsman Corporation boasted impressive revenues of roughly $6 billion and sustained a workforce of around 6,000 employees across 55 facilities worldwide. The divestiture of Huntsman Gomet is a tactical measure to reduce outstanding borrowings, positioning the company for a stronger footing in the diversified chemicals market. Interested parties are encouraged to visit Huntsman's official website for more insights into its operations and future directions.