Huntsman Corporation reported the sale of its Italian automotive business, Huntsman Gomet, to Trelleborg Group for a cash consideration of €42.5 million, approximately $50 million. The company said the transaction is subject to customary post-closing adjustments.
Gomet, based in Azeglio, Italy, manufactures molded rubber and thermoplastic components for the automotive aftermarket and had been part of Huntsman’s Polyurethanes division. Huntsman acquired the business through the Rockwood acquisition in 2014. In 2025, Gomet recorded revenues of about €24 million.
Huntsman indicated that net proceeds from the sale will be used to reduce outstanding borrowings. The company engaged Houlihan Lokey as its financial adviser for the transaction and retained Freshfields LLP as legal counsel.
On the market, Huntsman shares moved higher in premarket trading, rising 2.4% following the announcement. Huntsman is a global chemicals manufacturer and marketer; the company reported 2025 revenues from continuing operations of approximately $6 billion. Its continuing operations include more than 55 manufacturing, R&D and operations facilities across roughly 25 countries, and about 6,000 employees.
Summary
The sale of Huntsman Gomet to Trelleborg Group for €42.5 million completes the divestiture of Huntsman’s Italian automotive aftermarket components unit. The business generated roughly €24 million in revenue in 2025. Proceeds are designated to lower Huntsman’s outstanding borrowings, and the deal may be adjusted following closing, per customary post-closing adjustments. Financial and legal advisers on the transaction were Houlihan Lokey and Freshfields LLP, respectively.
Key points
- Transaction value: €42.5 million (about $50 million), subject to customary post-closing adjustments.
- Business profile: Huntsman Gomet makes molded rubber and thermoplastic automotive aftermarket components and reported ~€24 million in revenue in 2025.
- Use of proceeds: Company stated the funds will be applied to reduce outstanding borrowings; transaction advisors were Houlihan Lokey (financial) and Freshfields LLP (legal).
Risks and uncertainties
- The sale price is subject to customary post-closing adjustments, which could alter the final proceeds received by Huntsman.
- The precise amount available to reduce outstanding borrowings depends on the final post-closing accounting and adjustments.
- The divestiture removes Gomet from Huntsman’s Polyurethanes division, changing the division’s asset and revenue composition based on the company’s disclosure of the unit’s 2025 revenue.
Corporate profile
Huntsman is a diversified chemical products manufacturer and marketer with continuing-operations revenues of about $6 billion in 2025. The company operates more than 55 manufacturing, research and operations facilities in approximately 25 countries and employs around 6,000 associates within continuing operations.