# Ashland completes sale of maleic anhydride business to AOC Materials

Ashland Global Holdings Inc. closed the sale of its maleic anhydride business and manufacturing facility in Neal, West Virginia, to AOC Materials LLC for $100 million.

- Type: Acquisition
- Announced: 2020-07-23
- Where: Neal, West Virginia, United States
- Value: $100.0M
- Status: completed
- Products: maleic anhydride
- 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) (partner)
- [AOC Materials LLC](https://endata.com/companies/48787.md) (acquirer)

## Sources

- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=31), 2020-07-23: "Ashland Global Holdings Inc. recently announced that it has closed the sale of its maleic anhydride business and manufacturing facility in Neal, W.Va., to AOC Materials LLC."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/ashland-to-sell-maleic-anhydride-business-to-aoc-materials-llc-for-100-million/), 2020-07-30: "Ashland Global Holdings Inc. announced a definitive agreement to sell the company’s maleic anhydride business and manufacturing facility in Neal, West Virginia to AOC Materials LLC, for $100 million"
- [inkworldmagazine.com](https://www.inkworldmagazine.com/breaking-news/ashland-to-sell-maleic-anhydride-business-to-aoc-materials-llc-for-100-million/), 2020-08-05: "This announcement furthers Ashland's strategic focus to streamline our portfolio and to focus on specialty ingredients and improved margins."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=30), 2020-08-10: "Ashland Global Holdings Inc. recently announced a definitive agreement to sell its maleic anhydride business and manufacturing facility in Neal, W.Va., to AOC Materials LLC for $100 million."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=32), 2020-09-02: "Ashland Global Holdings Inc. recently announced a definitive agreement to sell its maleic anhydride business and manufacturing facility in Neal, W.Va., to AOC Materials LLC for $100 million."

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