US chemical enterprise, Huntsman Corporation, announced in a news release on Friday it has divested its Italian-owned unit, Huntsman Gomet, to Swedish headquartered Trelleborg Group for €42.5 million ($50 million).
Huntsman Gomet, located in Azeglio, Italy, is a division of Huntsman Polyurethanes specializing in producing thermoplastic components for the automotive industry.
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By Yazdi Merchant, ymerchant@opisnet.com; Editing by Rob Sheridan, rsheridan@opisnet.com