THE WOODLANDS, Texas,
Nov. 1, 2011 /PRNewswire/ -- Huntsman
Corporation (NYSE: HUN) today announced that its Advanced Materials
division completed the sale of its stereolithography resin and
Digitalis® machine manufacturing businesses to 3D Systems
Corporation for $41 million in
cash.
The stereolithography business had revenues of $7 million in 2010 and its products are used
primarily in three-dimensional part building systems. The
Digitalis® business is a stereolithography rapid manufacturing
system previously under development by Huntsman.
Commenting on the sale, James
Huntsman, President of the Advanced Materials division,
said: "We are pleased that 3D Systems Corporation is now owner
of these businesses. 3D has a rich heritage of being a pioneer and
industry leader in stereolithography and rapid manufacturing
systems. We are confident that these assets will be a great
fit for 3D. This sale further enables us to concentrate our
focus on our core competitive and strategic strengths, the
construction, coatings, power, aerospace and electronics
applications."
About Huntsman:
Huntsman is a global manufacturer and marketer of
differentiated chemicals. Its operating companies manufacture
products for a variety of global industries, including chemicals,
plastics, automotive, aviation, textiles, footwear, paints and
coatings, construction, technology, agriculture, health care,
detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging and,
later, for rapid and integrated growth in petrochemicals, Huntsman
has approximately 12,000 employees and operates from multiple
locations worldwide. The Company had 2010 revenues of over
$9 billion. For more information
about Huntsman, please visit the company's website at
www.huntsman.com.
Forward-Looking Statements:
Statements in this release that are not historical are
forward-looking statements. 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 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, 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.
SOURCE Huntsman Corporation