THE WOODLANDS, Texas — Huntsman Corporation has appointed two presidents to jointly lead its new, combined spray polyurethanes foam (SPF) business comprising Demilec and Icynene-Lapolla. Both companies are North American manufacturers and distributors of SPF insulation systems for residential and commercial applications.
The new, combined business will have one leadership team, jointly led by Simon Baker, president of Huntsman’s Demilec SPF business, and Doug Kramer, president of Icynene-Lapolla. Geographically, Baker will be responsible for Canada and the development of the business in fast growing global markets; Kramer will be responsible for the United States market.
Huntsman completed the acquisition of Icynene-Lapolla on Feb. 20, 2020, having acquired Demilec in 2018. The creation of the new, combined SPF business is a demonstration of the company’s stated downstream business strategy and establishes Huntsman as the global leader in SPF.
“This is an exciting time for our polyurethanes business as we continue the transformation of our portfolio to provide more differentiated and sustainable solutions to our customers," Tony Hankins, president of Huntsman Polyurethanes. "To bring the two businesses together as one enables Huntsman to provide an unmatched offering of open- and closed-cell insulation products and accelerates the globalization of our SPF platform.”
In 2017, Icynene completed the merging of its company with Lapolla. In 2019, Icynene-Lapolla named Kramer its president and CEO.
