# Ashland sells Composites business and Marl BDO facility to INEOS for $1.1B

Ashland Global Holdings signed a definitive agreement to sell its Composites business and the butanediol manufacturing facility in Marl, Germany, to INEOS Enterprises for approximately $1.1 billion. The transaction is expected to close before the end of June 2019.

- Type: Acquisition
- Announced: 2018-11-15
- Where: Marl, Germany, Germany
- Value: $1.10B
- Jobs: 1,300
- Status: announced
- Products: unsaturated polyester resins, vinyl ester resins, gel coats, butanediol
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Ashland Global Holdings Inc](https://endata.com/companies/23383.md)
- [Ashland Global Holdings Inc](https://endata.com/companies/23383.md) (target)
- [INEOS Enterprises](https://endata.com/companies/33510.md) (acquirer)

## Sources

- [investor.ashland.com](https://investor.ashland.com/news-releases/news-release-details/ashland-signs-definitive-agreement-sell-composites-business-and), 2018-11-15: "Ashland today announced it has signed a definitive agreement to sell its Composites business and the butanediol manufacturing facility in Marl, Germany, to INEOS Enterprises in a transaction valued at approximately $1.1 billion."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/11/the-valence-group-advises-ineos-enterprises-on-its-acquisition-of-ashlands-composites-business-and-bdo-facility-in-germany/), 2018-11-15: "The Valence Group acted as financial advisor to INEOS Enterprises on its announced acquisition of the Composites business and BDO facility in Germany of Ashland Global Holdings Inc. for $1.1 billion."
- [defence-industries.com](https://www.defence-industries.com/pressreleases/the-valence-group-advises-ineos-enterprises-on-its-acquisition-of-ashlands-composites-business-and-bdo-facility-in-germany), 2018-12-17: "The Valence Group acted as financial advisor to INEOS Enterprises on its announced acquisition of the Composites business and BDO facility in Germany of Ashland Global Holdings Inc. 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.