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Ashland Completes Previously Announced Sale of Elastomers Business to Lion Copolymer Holdings

Posted By ASC, Monday, January 05, 2015
Updated: Thursday, May 07, 2015
Ashland has completed the sale of their elastomer business to Lion Copolymer Holdings, LLC. Ashland is a global leader in specialty chemical products, serving both the industrial and consumer markets with products in more than 100 countries. The company is comprised of three commercial units: Ashland Specialty Ingredients, Ashland Performance Materials and Valvoline, and their elastomer business was a segment of Ashland Performance Materials. The elastomer business is located in Port Neches, Texas and accounted for approximately 18% of the $1.6 sales by Ashland Performance Materials in the fiscal year 2014. The Port Neches site includes a 250-person manufacturing facility. It serves primarily the North American tire market.  "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. O'Brien, Ashland chairman and CEO.

Tags:  Industry News 

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