Press Release

Kirkland Advises Huntsman on Acquisition of Icynene-Lapolla

Kirkland & Ellis represented Huntsman Corporation (NYSE: HUN) on its agreement to acquire Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from an affiliate of FFL Partners, LLC, in an all-cash transaction for $350 million. The transaction is expected to close in the first half of 2020.

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The Kirkland team was led by transactional partner Shawn O’Hargan and associates Arlene Ortiz-Leytte, William Halaby, Philippe Simard and Steve Schwarzbach and foreign associate Messaouda Benbouzid, along with transactional partner David Fox. The team also included tax partners Mike Carew and Adam Kool and associate Yonatan Tammam; technology and IP transactions partner David MacDonald and associates Kevin Jacobsen and Joanna Schlingbaum; employee benefits partner Melissa Grim and associate Emily Morrison; executive compensation partner Kate Coverdale and associate Malhar Naik; labor and employment partner Michael Keiser and associates Christine Lacku and Melissa Soares; environmental transactions partners Toby Chun and Carleigh Rodriguez; antitrust partners Ian John and Peter McCormack and associates Jack Coles and Evan Turnage; real estate partners John Goldman and Ian Craig and associate Kevin Beckoff; international trade and national security associate Luci Hague and William Phalen; and litigation associate Paul Weeks.