Ashland Completes Sale of its Elastomers Business to Lion Copolymers
COVINGTON, Ky. - Ashland Inc. (NYSE: ASH) announced it has completed the sale of its elastomers business, based in Port Neches, Texas, to Lion Copolymer Holdings, LLC. Financial terms were not disclosed.The elastomers business, which primarily serves the North American replacement tire market, accounted for approximately 18 percent of Ashland Performance Materials $1.6 billion in sales in fiscal 2014. Ashland operates a 250-person manufacturing facility in Port Neches that serves elastomers customers. "We are pleased with the value we received for the business and believe this transaction represents a good strategic fit for Lion," said James J. OBrien, Ashland chairman and chief executive officer. About AshlandAshland Inc. (NYSE: ASH) is a global leader in providing specialty chemical solutions to customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical. Through our three commercial units - Ashland Specialty Ingredients, Ashland Performance Materials and Valvoline - we use good chemistry to make great things happen for customers in more than 100 countries.
相關(guān)閱讀
本站所有信息與內(nèi)容，版權(quán)歸原作者所有。網(wǎng)站中部分新聞、文章來源于網(wǎng)絡(luò)或會員供稿，如讀者對作品版權(quán)有疑議，請及時與我們聯(lián)系，電話：025-85303363 QQ：2402955403。文章僅代表作者本人的觀點，與本網(wǎng)站立場無關(guān)。轉(zhuǎn)載本站的內(nèi)容，請務(wù)必注明"來源：林中祥膠粘劑技術(shù)信息網(wǎng)（www.m.cnmindian.com）".
網(wǎng)友評論
加載中...
