# Ashland to acquire composites resin plant in France from Reichhold

Ashland Global Holdings Inc made a binding offer to acquire a composites resin manufacturing facility in Etain, France, from Reichhold Holdings International B.V. The transaction is expected to close by end of June 2017.

- Type: Acquisition
- Announced: 2017-04-06
- Where: Etain, France, France
- Jobs: 50
- Status: announced
- Products: unsaturated polyester resins (UPR)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Ashland Global Holdings Inc](https://endata.com/companies/23383.md) (acquirer)
- [Reichhold Holdings International B.V.](https://endata.com/companies/23384.md) (target)

## Sources

- [investor.ashland.com](https://investor.ashland.com/news-releases/news-release-details/ashland-acquire-composites-manufacturing-facility-france), 2017-04-06: "Ashland Global Holdings Inc ... announced that it has made a binding offer to acquire a composites resin manufacturing facility in Etain, France, from Reichhold Holdings International B.V."
- [business-standard.com](https://www.business-standard.com/content/b2b-plastics-polymers/ashland-to-acquire-reichhold-s-composites-manufacturing-facility-in-france-117041000657_1.html), 2017-04-10: "This transaction is a unique opportunity to strengthen Ashland's position in the European composites market at a highly attractive price, and with very compelling terms and conditions."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.