Ashland Inc. completes previously announced sale of PVAc business to Celanese Corporation
(Thomson Reuters ONE) -
FOR IMMEDIATE RELEASE
January 3, 2012
COVINGTON, Ky. - Ashland Inc. (NYSE: ASH) today said it has completed the
previously announced sale of its polyvinyl acetate homopolymer and copolymer
(PVAc) business to Celanese Corporation. The proposed transaction included the
transfer of the PVAc business, inventory and related technology. The sale does
not include any real estate or manufacturing facilities. No purchase price was
disclosed.
Ashland's PVAc business includes two brands, Flexbond(TM) and Vinac(TM)
emulsions. To better support the transition, the products will be temporarily
toll manufactured for Celanese.
Ashland Performance Materials is the global leader in unsaturated polyester
resins and vinyl ester resins. In addition, it provides customers with leading
technologies in gelcoats, pressure-sensitive and structural adhesives.
In more than 100 countries, the people of Ashland Inc. (NYSE: ASH) provide the
specialty chemicals, technologies and insights to help customers create new and
improved products for today and sustainable solutions for tomorrow. Our
chemistry is at work every day in a wide variety of markets and applications,
including architectural coatings, automotive, construction, energy, food and
beverage, personal care, pharmaceutical, tissue and towel, and water treatment.
Visit www.ashland.com to see the innovations we offer through our four
commercial units - Ashland Specialty Ingredients, Ashland Water Technologies,
Ashland Performance Materials and Ashland Consumer Markets.
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C-ASH
FOR FURTHER INFORMATION:
Gary Rhodes
(859) 815-3047
glrhodes(at)ashland.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ashland Inc. via Thomson Reuters ONE
[HUG#1574858]
Unternehmensinformation / Kurzprofil:
Datum: 03.01.2012 - 18:02 Uhr
Sprache: Deutsch
News-ID 100704
Anzahl Zeichen: 2526
contact information:
Town:
Covington
Kategorie:
Business News
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