Huntsman Sells its Italian Based Automotive Aftermarket Business

Rhea-AI Summary

Huntsman (NYSE:HUN) has sold its Italian-based automotive aftermarket business, Huntsman Gomet, in Azeglio, Italy, to Trelleborg Group for €42.5 million (about $50 million), subject to post-closing adjustments.

Gomet generated about €24 million of revenue in 2025. Huntsman plans to use the proceeds to reduce outstanding borrowings.

Positive

• Divests Huntsman Gomet to Trelleborg Group for €42.5 million
• 2025 revenue of €24 million business converted into cash proceeds
• Proceeds earmarked to reduce outstanding borrowings

Negative

• Sale removes approximately €24 million of 2025 revenue from Huntsman
• Exit from molded rubber and thermoplastic automotive aftermarket segment

News Market Reaction – HUN

-0.35%

-0.35% Session close to close

In the Jun 5 session, HUN declined 0.35%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a targeted divestiture as Huntsman continues portfolio rationalization. Th...

Analysis

This announcement details a targeted divestiture as Huntsman continues portfolio rationalization. The company sold its Italian-based Huntsman Gomet unit for €42.5 million, after the business generated €24 million of revenue in 2025, and intends to use the proceeds to reduce borrowings. In context of recent net losses and negative free cash flow, investors may watch how such transactions affect leverage, earnings mix, and future capital allocation priorities.

Key Figures

Sale price: €42.5 million Sale price (USD): $50 million Gomet revenue: €24 million +2 more

5 metrics

Sale price €42.5 million Sale of Huntsman Gomet to Trelleborg Group

Sale price (USD) $50 million Approximate value of Huntsman Gomet transaction

Gomet revenue €24 million Gomet revenues in 2025

Acquisition year 2014 Year Huntsman acquired Gomet in Rockwood acquisition

Reference year 2025 Financial year for cited Gomet revenues

Historical Context

5 past events · Latest: Apr 30 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 30	Dividend declaration	Positive	+1.8%	Announced Q2 2026 cash dividend of $0.0875 per common share.
Apr 30	Earnings release	Negative	+1.8%	Reported Q1 2026 net loss of $53M and negative free cash flow.
Apr 01	Earnings call notice	Neutral	-0.8%	Scheduled call and webcast to discuss Q1 2026 results.
Mar 18	Capacity expansion	Positive	-3.8%	Opened expanded Performance Products unit in Hungary to lift capacity.
Feb 17	Dividend & meeting	Positive	+8.6%	Declared $0.0875 dividend and announced 2026 virtual annual meeting.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Dividends have coincided with positive moves, while operational news and earnings have shown mixed or contrarian reactions.

Recent Company History

Over recent months, Huntsman emphasized portfolio and capital discipline alongside challenging fundamentals. Q1 2026 results showed $1,420M revenue with a widened $53M net loss and negative free cash flow. The company continues to pay a recurring $0.0875 quarterly dividend, which has aligned with positive share reactions. Operationally, Huntsman expanded a Performance Products unit in Hungary to boost capacity and sustainability-focused offerings. Today’s announced sale of a small Italian aftermarket business and use of proceeds to reduce borrowings fits this ongoing portfolio rationalization and balance-sheet focus.

Key Terms

polyurethanes, thermoplastic

2 terms

polyurethanes technical

"which was a business within Huntsman's Polyurethanes division, and was acquired"

Polyurethanes are a family of synthetic materials that can be made as hard plastics, flexible foams, coatings or sealants—think of them as a versatile plastic that can be as stiff as a hard shell or as soft as a sponge. Investors watch polyurethane businesses because demand tracks construction, automotive, furniture and appliance markets and their profit margins are sensitive to raw material and energy costs, making sales and margins cyclical and tied to broader economic activity.

thermoplastic technical

"manufacturer of molded rubber and thermoplastic automotive aftermarket components,"

A thermoplastic is a type of plastic that softens when heated and hardens when cooled, so it can be melted, reshaped and reused multiple times—think of chocolate that melts and then re-solidifies. For investors, thermoplastics matter because their ease of molding, recyclability, and cost profile influence manufacturing flexibility, supply-chain resilience, regulatory risk and long-term demand across industries, which can affect margins and growth prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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THE WOODLANDS, Texas, June 5, 2026 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today that it has sold Huntsman Gomet, a business located in Azeglio, Italy, to Trelleborg Group for €42.5 million (approximately $50 million), subject to customary post-closing adjustments. Gomet is a manufacturer of molded rubber and thermoplastic automotive aftermarket components, which was a business within Huntsman's Polyurethanes division, and was acquired by Huntsman in 2014 as part of the Rockwood acquisition. In 2025, Gomet generated revenues of approximately €24 million. The proceeds from this transaction will be used to reduce outstanding borrowings.

Houlihan Lokey served as financial advisor and Freshfields LLP served as legal counsel to Huntsman Corporation.

About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of diversified chemical products with 2025 revenues of approximately $6 billion from our continuing operations. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 55 manufacturing, R&D and operations facilities in approximately 25 countries and employ approximately 6,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.

Social Media:
X: www.x.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman

Forward-Looking Statements:
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

 

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SOURCE Huntsman Corporation

FAQ

What did Huntsman (HUN) announce about its Italian automotive aftermarket business on June 5, 2026?

Huntsman announced the sale of its Italian automotive aftermarket business, Huntsman Gomet, to Trelleborg Group for €42.5 million. According to Huntsman, the transaction is subject to customary post-closing adjustments and supports its balance sheet strategy.

How much is Huntsman selling Huntsman Gomet to Trelleborg Group for?

Huntsman is selling Huntsman Gomet to Trelleborg Group for €42.5 million, approximately $50 million. According to Huntsman, the final consideration is subject to customary post-closing adjustments typically applied to transactions of this nature.

What were Huntsman Gomet’s 2025 revenues before the sale by Huntsman (HUN)?

Huntsman Gomet generated approximately €24 million in revenue in 2025. According to Huntsman, this molded rubber and thermoplastic automotive aftermarket components business operated within the Polyurethanes division before being sold to Trelleborg Group.

How will Huntsman (HUN) use the proceeds from the Huntsman Gomet sale?

Huntsman plans to use the €42.5 million proceeds from the Huntsman Gomet sale to reduce outstanding borrowings. According to Huntsman, directing cash toward debt reduction supports its capital structure and financial flexibility.

What type of business is Huntsman Gomet that Huntsman (HUN) sold to Trelleborg?

Huntsman Gomet is a manufacturer of molded rubber and thermoplastic automotive aftermarket components located in Azeglio, Italy. According to Huntsman, the business previously belonged to its Polyurethanes division and was acquired in 2014 as part of the Rockwood acquisition.

How does the Huntsman Gomet divestiture affect Huntsman’s Polyurethanes division?

The divestiture removes Huntsman Gomet, a €24 million revenue business in 2025, from the Polyurethanes division. According to Huntsman, this shifts focus away from molded rubber and thermoplastic automotive aftermarket components toward the remaining portfolio.