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The European Commission approved the merger between Reichhold and Polynt, conditional on the divestment of Reichhold's Etain plant in France to Ashland. Both produce unsaturated polyester resins.
Reichhold has agreed to sell its unsaturated polyester resins facility in Étain, France, to Ashland. The facility employs 50 people.
Ashland is expanding its manufacturing plant in Piedmont, South Carolina, with at least $5.6 million in new capital investment. The expansion will upgrade infrastructure and production capabilities for specialty water-based adhesives and specialty resins.
| Site | Largest | Latest |
|---|---|---|
| Piedmont, United States | $5.60M | 2016-11-30 |