Ashland Completes Sale of Composites Business and Butanediol Facility in Marl, Germany to INEOS Enterprises

Ashland Global Holdings Inc. completed the previously announced sale of its Composites business (excluding the Maleic business) and butanediol manufacturing facility in Marl, Germany to INEOS Enterprises in a transaction valued at $1.015 billion. Net proceeds from the sale are approximately $930 million. Over $400 million of debt has been retired and an additional $500 million is expected to be retired by the end of the week. For identifying growth opportunities in the global composite rebar market, please visit https://www.lucintel.com/composite-rebar-market-2020.aspx