Huntsman Corporation branded its spray polyurethane foam (SPF) business as Huntsman Building Solutions (HBS). The company’s SPF business was formed when Huntsman acquired North American SPF company Icynene-Lapolla in February and combined it with previously-acquired Demilec.
“Integration of the two legacy companies is progressing well and the selection of the new name is an important milestone for the business,” Tony Hankins, president of Huntsman’s Polyurethanes division, said. “I’m excited about the opportunities that lie ahead, notwithstanding the current challenges caused by the COVID-19 pandemic.”
According to Huntsman, HBS is now one of the world’s largest SPF providers and the fifth largest insulation manufacturer in the world. Simon Baker, previously president of Demilec, and Doug Kramer, the former president of Icynene-Lapolla, will jointly lead HBS. Baker will be responsible for Canada and international business while Kramer will be responsible for business in the United States.
“SPF is a highly attractive growth business; we have a product offering which is second to none and our products provide significant environmental benefits –not just in terms of energy savings, as they are the most effective thermal insulants in the market; but also in terms of the upcycling of PET bottles and scrap, which are used in our TEROL polyols, a key ingredient in the production of SPF.”
Huntsman Corporation is a publicly-traded global manufacturer and marketer of differentiated and specialty chemicals. The company operates more than 70 manufacturing, research and development, and operations facilities in approximately 30 countries across its four distinct business divisions.
