09. Jun 2026
Huntsman sells Italian Gomet business to Trelleborg for €42.5m
Huntsman has agreed to sell its Italian-based Gomet automotive aftermarket business to Swedish engineered polymer specialist Trelleborg Group for €42.5 million ($50 million).
The Azeglio, Italy-based business, which formed part of Huntsman's Polyurethanes division, manufactures molded rubber and thermoplastic components for the automotive aftermarket. Products include CV joint boots, steering gaiters, dust covers, shock absorber service kits and floor mats for passenger and commercial vehicles.
The transaction, announced on June 8, is intended to support Huntsman's ongoing efforts to streamline its portfolio and reduce debt. The company said proceeds from the sale will be used to repay outstanding borrowings.
Gomet generated revenues of approximately €24 million in 2025. Huntsman acquired the business in 2014 as part of its purchase of Rockwood Holdings.
Trelleborg, which develops engineered polymer solutions for a range of industrial sectors, has an extensive presence in polyurethane materials and components. The acquisition strengthens its automotive portfolio and expands its manufacturing footprint in Italy.
The transaction is subject to customary post-closing adjustments.
Peter Huntsman, chairman, president and chief executive officer of Huntsman, said: “The sale of our automotive aftermarket business is another step in our strategy to optimize our portfolio and enhance shareholder value. I would like to thank the Gomet team for their years of dedication and service to Huntsman, and we wish them every success under Trelleborg's ownership.”
Huntsman reported revenues of around $6 billion from continuing operations in 2025 and operates more than 55 manufacturing, research and development and operational facilities in around 25 countries.
Houlihan Lokey acted as financial adviser to Huntsman on the transaction, while Freshfields served as legal counsel.