Huntsman sold Italy-based Gomet to Trelleborg for €42.5 million, using proceeds to reduce debt and optimize its portfolio.
Huntsman Corporation has completed the sale of its Italy-based automotive aftermarket business, Huntsman Gomet, to the Trelleborg Group in a transaction valued at €42.5 million (approximately $50 million), subject to customary post-closing adjustments. The divestment represents another step in Huntsman’s ongoing efforts to streamline its portfolio and strengthen its financial position through strategic asset optimization.
Located in Azeglio, Italy, Gomet specializes in the production of molded rubber and thermoplastic components for the automotive aftermarket industry. Over the years, the company has established itself as a reliable supplier of high-quality replacement parts and components used in a variety of automotive applications. The business operated under Huntsman’s Polyurethanes division and contributed to the company’s broader portfolio of advanced materials and specialty products serving industrial and automotive customers.
Huntsman originally acquired Gomet in 2014 as part of its acquisition of Rockwood Holdings’ performance additives and titanium dioxide businesses. Since becoming part of Huntsman’s operations, Gomet has continued to manufacture and supply engineered rubber and thermoplastic products designed to meet the performance and durability requirements of the automotive aftermarket sector. The company’s product portfolio has supported vehicle maintenance and replacement needs across several markets, helping strengthen Huntsman’s presence in automotive-related applications.
During 2025, Gomet generated revenues of approximately €24 million, reflecting its stable position within the automotive aftermarket segment. While the business represented a relatively small portion of Huntsman’s overall global operations, its sale aligns with the company’s strategy of focusing resources on core growth areas and enhancing shareholder value through disciplined capital allocation.
The acquisition provides Trelleborg Group with an opportunity to expand its capabilities and product offerings within the automotive components market. Trelleborg, known for its engineered polymer solutions and industrial products, is expected to leverage Gomet’s manufacturing expertise, customer relationships, and product portfolio to strengthen its position in the automotive aftermarket sector. The integration of Gomet’s operations could also create synergies that support future growth and innovation within Trelleborg’s mobility-related businesses.
For Huntsman, the proceeds from the transaction will primarily be used to reduce outstanding borrowings. Lowering debt levels remains an important objective for the company as it seeks to maintain financial flexibility, improve its balance sheet, and support long-term strategic priorities. The sale proceeds are expected to contribute to these goals while allowing Huntsman to concentrate investments on higher-growth and higher-margin segments across its global operations.
The transaction was supported by a team of external advisors. Houlihan Lokey acted as financial advisor to Huntsman Corporation, providing strategic and transaction-related guidance throughout the sale process. Freshfields LLP served as legal counsel, assisting with the legal and regulatory aspects of the transaction to ensure a smooth completion.
The divestiture highlights Huntsman’s continued focus on portfolio management and capital discipline, while enabling Trelleborg to expand its footprint in the automotive aftermarket industry through the acquisition of a specialized manufacturing business with established market expertise.
