AOC is pleased to announce the completion of the transaction to acquire the maleic anhydride business and manufacturing facility in Neal, West Virginia, from Ashland Global Holdings.
The purchase of the maleic anhydride business not only fortifies the supply chain for a critical ingredient in the production of unsaturated polyester formulations (UPR) – AOC’s primary business – but also provides new opportunities within the maleic anhydride merchant market, which were unattainable prior to the acquisition.
“We are delighted to have the maleic anhydride business as a part of our company and welcome the employees who have made it successful to the AOC family,” remarked Joe Salley, chief executive officer, AOC. “We are excited about the growth prospects, not only as a source for our internal consumption but also for the merchant market as well.”
About AOC
AOC is the leading global supplier of formulations and specialty materials that enable customers to create robust, durable, and versatile products and components. With strong capabilities around the world in both manufacturing and science, the company works closely with customers to deliver unrivaled quality, service, and reliability for today, and create innovative solutions for tomorrow.
About Ashland
Ashland Global Holdings Inc. (NYSE: ASH) is a premier global specialty materials company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, constructions, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. At Ashland, we are approximately 4,600 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com to learn more.
Media Contact
Michael Diehl
Director of Marketing, Americas
Direct: (901) 861-8368 , Ext: 8368
E-mail: Michael.Diehl@aocresins.com
