SALT LAKE CITY - Huntsman Corp. announced that MatlinPatterson Global Opportunity Partners completed a restructuring of Vantico and the transfer of the business to HMP Equity Holdings, MatlinPatterson's partnership with Huntsman L.L.C.
With the action, Huntsman assumes full operational and financial control of the business, a producer of polyurethanes, and has renamed it Huntsman Advanced Materials. The business will be operated as part of Huntsman's Polyurethanes and Specialties Division.