# Ineos acquires chemical intermediates business from Flint Hills

Ineos acquired the chemical intermediates business (purified isophthalic acid, trimetallic anhydride and maleic anhydride) from Flint Hills in Q3 2018.

- Type: Acquisition
- Announced: 2018-10-15
- Where: Marl, Germany, United States
- Value: $1.10B
- Jobs: 1,300
- Status: completed
- Products: purified isophthalic acid, trimetallic anhydride, maleic anhydride
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [INEOS](https://endata.com/companies/9807.md) (acquirer)
- [Ashland](https://endata.com/companies/20300.md) (target)
- [Ashland Global Holdings Inc](https://endata.com/companies/23383.md) (partner)
- [Ashland Global Holdings Inc](https://endata.com/companies/23383.md) (target)
- [Flint Hills Resources](https://endata.com/companies/34876.md) (partner)

## Sources

- [everchem.com](https://everchem.com/q3-ma-update-2/), 2018-10-15: "Chemical Deal Results | Seller | Buyer | Business | Date |"
- [everchem.com](https://everchem.com/q3-ma-update/), 2018-10-15: "Chemical Deal Results | Seller | Buyer | Business | Date |"
- [ineos.com](https://www.ineos.com/news/ineos-to-acquire-the-ashland-composites-business/), 2018-11-15: "Ashland’s composite resins have been the materials of choice for the world’s boat builders for 30 years, and for good reason."
- [ineos.com](https://www.ineos.com/news/ineos-group/ineos-to-acquire-the-ashland-composites-business/), 2018-11-15: "Ashland’s composite resins have been the materials of choice for the world’s boat builders for 30 years, and for good reason."
- [cityam.com](https://www.cityam.com/uks-largest-private-firm-ineos-agrees-11bn-deal/), 2018-11-15: "Ashland’s composite resins have been the materials of choice for the world’s boat builders for 30 years, and for good reason…"
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Ineos-buy-Ashland-businesses/96/i46), 2018-11-16: "Ineos has agreed to buy Ashland’s composites businesses and its butanediol plant in Marl, Germany, for $1.1 billion."
- [dgpcapital.com](https://www.dgpcapital.com/2018/12/nov-2018-chemicals-advanced-materials-ma-news/), 2018-12-12: "INEOS Acquires Ashland’s Composites Business for $1.1 Billion"

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