ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Mergers & Acquisitions

Ineos to buy Ashland businesses

by Alexander H. Tullo
November 16, 2018 | APPEARED IN VOLUME 96, ISSUE 46

 

Ineos has agreed to buy Ashland’s composites businesses and its butanediol plant in Marl, Germany, for $1.1 billion. Together the businesses have $1.1 billion in annual sales and 1,300 employees. The composites business produces unsaturated polyester resins, vinyl ester resins, and gel coats. Ashland will retain its butanediol plant in Lima, Ohio, to make derivatives such as tetrahydrofuran and N-methylpyrrolidone. Ashland put the units up for sale in March as part of a strategy to focus on higher-end specialty chemicals. The firm is also under the influence of the activist investment firm Cruiser Capital. Ineos sees composites as a growth business.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment