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Business
Perstorp Will Acquire An Ashland Business
by Michael McCoy
January 10, 2011
| A version of this story appeared in
Volume 89, Issue 2
The Swedish specialty chemical maker Perstorp has agreed to acquire Ashland’s pentaerythritol business for an undisclosed sum. Perstorp will transfer production to its Toledo, Ohio, plant, which it will also expand as part of what it calls “an ambitious investment campaign to increase polyol production.” After a transition period, Ashland will close its pentaerythritol plant in Louisiana, Mo. Ashland will then buy the chemical from Perstorp as a raw material for synthetic lubricants production at the Missouri site.
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