Textile Effects had 2005 Adjusted EBITDA of CHF 109 million ($88 million) on sales of CHF 1,276 million ($1,029 million), compared to 2004 Adjusted EBITDA of CHF 89 million ($72 million) on sales of CHF 1,293 million ($1,043 million).
The purchase price of CHF 332 million ($253 million) was reduced by (i) approximately CHF 75 million ($57 million) in assumed debt and unfunded pension and other post employment liabilities and (ii) CHF 40 million ($31 million) in unspent restructuring costs.
The global headquarters of the Materials and Effects division will be Basel, Switzerland. With more than 1,350 people the Basel site will have more employees than any other Huntsman site.
Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman, with the acquisition of the Textile Effects business, has 15,000 employees and 78 operations in 24 countries.
The Company had 2005 revenues of $13 billion. Adjusting for the Textile Effectspurchase and the recent sale of its U.S. butadiene/MTBE business, Huntsman's 2005 revenues would have been $13.3 billion.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
