AOC acquires Ashland Global Holdings' maleic anhydride business
The acquisition fortifies a critical ingredient in the production of unsaturated polyester resins, AOC’s primary business, and provides additional opportunities for AOC in the maleic anhydride market.
Photo Credit: AOC
AOC (Collierville, Tenn., U.S.) a global supplier of resins and specialty materials, announced on Oct. 8 the completion of the transaction to acquire the maleic anhydride business and manufacturing facility in Neal, West Virginia, from Ashland Global Holdings (Wilmington, Del., U.S.).
According to AOC, the purchase not only fortifies the supply chain for a critical ingredient in the production of unsaturated polyester resins (UPR) — AOC’s primary business — but also provides new opportunities within the maleic anhydride merchant market which were unattainable prior to the acquisition.
“We are delighted to have the maleic anhydride business as a part of our company and welcome the employees who have made it successful to the AOC family,” remarks Joe Salley, chief executive officer (CEO), AOC. “We are excited about the growth prospects, not only as a source for our internal consumption but for the merchant market as well.”