Ashland’s Composites business will now become Ineos Composites and will continue to produce unsaturated polyester resins, vinyl ester resins and gelcoats. The deal also includes acquiring Ashland’s BDO facility in Germany which produces key intermediates for high performance polyesters and polyurethanes.
Ineos Composites will build on firm foundations as a global leader in unsaturated polyester resins, vinyl ester resins and gelcoats.
(Source: Ineos)
London/UK – Ineos Enterprises has recently announced the completion of the acquisition of the entire composites business from Ashland Global Holdings. The acquisition also includes a BDO facility in Germany.
The businesses included in the transaction have combined sales of more than 1.1 billion dollars per year. They employ 1,250 employees across 19 sites in Europe, North and South America, Asia and the Middle East.
Ashley Reed, CEO Ineos Enterprises said, “We are very pleased to have completed the deal to acquire the Composites business from Ashland. We have a strong track record of manufacturing excellence, running businesses safely and reliably and working closely with customers to meet their growth aspirations. The Ineos Composites business as it will be known, presents new opportunities for Ineos to enter the Composites market, with excellent people and assets. I very much look forward to welcoming the business into Ineos.”
Ashland’s Composites Business will become Ineos Composites. It will build on firm foundations as a global leader in unsaturated polyester resins, vinyl ester resins and gelcoats.
The business will continue to provide a wide range of gelcoats and corrosion-resistant fiberglass reinforced plastic (FRP). The BDO facility produces key intermediates for high performance polyesters and polyurethanes and will be run by the Ineos Solvents business.
Bill Wulfsohn, Ashland chairman and chief executive officer said, “Today Ashland completed an important step fulfilling its vision of becoming the premier specialty chemical company with the completion of the sale of the Composites and Marl Intermediates businesses. Both are outstanding businesses with great people, technology and assets. We wish the Composites and Marl teams well as they become part of Ineos Enterprises.”
Stand vom 23.03.2021
Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.
Consent to the use of data for promotional purposes
I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here
Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.
In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.
Right of revocation
I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.