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Huntsman Corp. prepares to spin off Davis, Granufin pigment business

Sources: Huntsman Corp., The Woodlands, Texas; CP staff

Huntsman anticipates an early-August initial public offering of 22.7 million Venator Materials Plc shares, priced in the $20-$22 range and traded on the New York Stock Exchange under the VNTR symbol. The Wynard, United Kingdom-based entity encompasses Davis Colors, Granufin and other Rockwood Pigments brands Huntsman acquired in 2013.

With annual sales just over $2 billion, Venator Materials is billed as “a leading global manufacturer and marketer of chemical products that improve the quality of life for downstream consumers and promote a sustainable future. Products comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life.” The company operates Titanium Dioxide and Performance Additives segments, the latter including concrete pigments. Venator Materials serves customers in 110 countries from 27 production facilities; has a worldwide headcount near 4,500; and, will maintain a North American headquarters in The Woodlands, Texas, north of Houston.

 

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