While the joining of DuPont and Dow Chemical Co., along with PPG’s efforts to merge with AkzoNobel have been the most noticeable fusions of chemicals giants on the horizon, a third proposal has now arrived. Texas-based Huntsman Corp. and Clariant (Muttenz, Switzerland) announced on May 22 that they planned to merge into a business entity with anticipated annual sales exceeding $13-billion. The all-stock merger will result, the companies said in a joint statement, in a company called HuntsmanClariant, with global headquarters in Switzerland and operational headquarters in Texas. The deal, valued at $20-billion, is expected to close by the year’s end and the two partners say they are “confident that the required regulatory approvals can be obtained in a timely manner.” Huntsman added the merger should not affect plans to spin off its pigments and additives business as its own company, Venator Materials Corp., a move expected this summer. Huntsman, founded in 1970, had over $9.6-billion in sales in 2016. Its Polyurethanes division accounted for 38 percent of revenues; the Pigments and Additives division and Performance Products each accounted for 22 percent. Advanced Materials made up 10 percent of its 2016 sales, with the remaining eight percent coming from Textile Effects. Huntsman produces a number of raw materials for coatings formulation. In addition to the pigments and additives that will be spun off as Venator, the Advanced Materials division makes resins and curing agents, mainly for industrial and protective coatings. Huntsman Performance Products offers coating components (including functional amines, carbonates and polymer derivatives) and products for concrete manufacture. And the Polyurethanes division serves the coatings and adhesives industries, as well as furniture and other industries. Clariant had global sales of about $6.01-billion in 2016. Its business units include Pigments, Additives and Catalysts, as well as Masterbatches (color additives for plastics), Functional Minerals, Oil and Mining Services and Industrial & Consumer Specialties. The company was formed in 1995 as a spinoff of chemicals and pharmaceuticals producer Sandoz. Clariant’s offerings for the coatings industry include pigments, pigment preparations and dyes, for decorative, automotive and industrial coatings. According to the declared plan, Hariolf Kottmann, the current CEO of Clariant, will become chairman of the board for HuntsmanClariant, while current Huntsman president and CEO Peter Huntsman will be CEO of the new company. The new board will have equal representation from the Huntsman and Clariant boards. www.clariant.com