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Composites

Ashland sells Composites business

The transaction is expected to close prior to the end of the June 2019 quarter.

20th November 2018

Innovation in Textiles
 |  Covington, KY

Industrial, Transport/​Aerospace, Civil Engineering, Construction

Ashland’s Composites unit is a global leader in unsaturated polyester resins, vinyl ester resins and gel coats. © Inside CompositesAshland, headquartered in Covington, Kentucky, is to sell its Composites business and butanediol (BDO) manufacturing facility in Marl, Germany, to INEOS Enterprises, in a transaction valued at approximately $1.1 billion.

The transaction is expected to close prior to the end of the June 2019 quarter, contingent on certain customary regulatory approvals, standard closing conditions and completion of required employee information and consultation processes.

Read the full article on our Inside Composites website

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