Huntsman Completes Gabriel Performance Products Acquisition
2021-01-18    [Source:Chemical Week]
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Huntsman says it has completed the acquisition of Gabriel Performance Products, a maker of epoxy curing agents for coatings, adhesives, and sealants, for $250 million. Gabriel’s prior owner was private equity firm Audax (Boston, Massachusetts). The deal was announced on 7 December.

Gabriel generated $106 million in revenue during 2019, and operates three manufacturing facilities in Ohio, Pennsylvania, and South Carolina. The deal’s purchase price represents a multiple of about 11 times (x) Gabriel’s 2019 EBITDA.

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