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.

INEOS Enterprises has agreed to sell its INEOS Melamines & Paraform business to Prefere Resins Holding GmbH. The deal includes sites in the USA, Germany and Indonesia, and is subject to regulatory approval, expected to complete in Q2 2019.

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.

HIG Capital's portfolio company Valtris Specialty Chemicals acquired INEOS ChloroToluenes (ICT) and INEOS Baleycourt from INEOS Enterprises. ICT has production facilities in Belgium and the Netherlands; Baleycourt is based in northeast France.