# Ashland amends sale of Composites and BDO business to INEOS Enterprises

Ashland Global Holdings amended the purchase agreement for the sale of its Composites business and butanediol facility in Marl, Germany to INEOS Enterprises, removing the maleic business from the sale while keeping the purchase price at $1.1 billion. The sale is expected to close in late summer 2019.

- Type: Acquisition
- Announced: 2019-07-09
- Where: Marl, Germany, Germany
- Value: $1.10B
- Status: announced
- Products: composites, butanediol
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/2019/07/ashland-announces-amendment-to-the-purchase-agreement-with-ineos-enterprises-for-its-composites-business-and-butanediol-facility-in-marl-germany/), 2019-07-09: "Ashland Global Holdings Inc. today announced an amendment to the purchase agreement for the sale of its Composites business and butanediol (BDO) manufacturing facility in Marl, Germany to INEOS Enterprises."

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