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RSS FeedsINEOS to acquire the Ashland Composites Business for $ 1.1 billion
(WorldNews Switzerland)

 
 

15 november 2018 22:07:24

 
INEOS to acquire the Ashland Composites Business for $ 1.1 billion
(WorldNews Switzerland)
 


Thursday, 15 November 2018 The deal comprises 20 manufacturing sites in Europe, North and South America, Asia and Middle East employing 1300 people, generating sales of more than $1.1 bn. INEOS Enterprises has today agreed to acquire the entire composites business from Ashland Global Holdings Inc. (NYSE: ASH) for $1.1 billion. The businesses included in the transaction have combined sales of more than $1.1 billion per year. They employ 1,300 employees across 20 sites in Europe, North and South America, Asia and Middle East. The deal, is expected to complete in the first half of 2019, subject to regulatory approval and consultation processes. Ashley Reed, CEO INEOS Enterprises said,...


 
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