THE WOODLANDS, TX – Huntsman Corp., The Woodlands, TX, has signed a definitive agreement to acquire the business of Oxid L.P., a privately held manufacturer and marketer of specialty urethane polyols based in Houston. The transaction is expected to close during the third quarter.

Oxid’s polyols are a key component in the production of polyurethane insulation products that are used in residential and commercial construction.

Oxid markets its product line of specialty polyols under the trademark Terol^® and distributes products worldwide from its manufacturing facility in Houston.