25-Oct-2022 - INEOS Enterprises Limited

INEOS Enterprises to acquire ASHTA Chemicals Inc. from Bigshire Mexico

INEOS Enterprises has announced an agreement to acquire ASHTA Chemicals Inc, from Bigshire Mexico S. de R.L. de C.V. The deal, which consists of a 100ktpa Potassium Hydroxide (KOH)/65 ktpa Chlorine plant, is targeted to close before the end of 2022, subject to regulatory approvals.

ASHTA Chemicals manufacture and market chlorine and a range of potassium-based chemicals to a wide variety of end use markets including liquid fertilizers, runway de-icers, food ingredients, pharmaceuticals, and agricultural applications.  The business employs around 110 people at its site in Ashtabula, Ohio, close to the INEOS Pigments operations, from where it operates a recently commissioned membrane cell technology chlor-alkali unit.

Commenting on the agreement, Ashley Reed, CEO INEOS Enterprises said “Once completed we believe the deal presents an excellent strategic fit for the long-term local supply and use of chlorine between ASHTA and INEOS Pigments. In addition, ASHTA Chemicals will bring a well-established and respected North American potassium hydroxide business into the INEOS Enterprises portfolio.”

Ruy Zavala, CFO of Bigshire Mexico said “ASHTA has undergone significant investments in the past few years under Bigshire’s ownership, most notably the construction and commissioning of a modern membrane cell chlor-alkali plant which utilizes INEOS’ BichlorTM technology. We believe the next phase of ASHTA’s development can be well progressed under INEOS ownership and the complementary strategic fit that will be created will further improve the long-term sustainability of the company and its employees.”

Facts, background information, dossiers
  • Ineos
  • acquisitions
  • potassium hydroxide
More about INEOS
  • News

    bp agrees to sell its petrochemicals business to INEOS

    bp announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing bp, will further strengthen bp’s balance sheet and delivers its target for a ... more

    INEOS set to acquire Cristals North American Titanium Dioxide Business from Tronox for $700 million

    INEOS Enterprises has announced that it has signed an agreement to acquire The North American business of National Titanium Dioxide Company Limited (Cristal) from Tronox Limited for $700 million. Cristal’s North American business includes two-plants located at the Ashtabula Ohio (US) comple ... more

    The offroader from the chemical industry

    Being a great admirer of the Landrover Defender series, Jim Ratcliffe, CEO of INOES group, founded the new business branch INEOS Automotive. This, for a chemical company, unusual project is based on Ratcliffe’s personal attachment to this offroad car. Ratclife saw a market he thought to be ... more

  • Companies

    INEOS Phenol Belgium N.V.

    INEOS Phenol is the world’s largest producer of Phenol and Acetone. Our markets are growing worldwide and our objective is to transform this growth into the development of our business and our company. Our customers have high expectations: uniform product quality, on-time delivery, and rel ... more

    INEOS Chlor Limited

    INEOS ChlorVinyls is one of the major chlor-alkali producers in Europe, a global leader in chlorine derivatives and Europe's largest PVC manufacturer. The Company consists of two distinct legal entities, INEOS Chlor and INEOS Vinyls, directed under a single management organisation. INEOS C ... more

    INEOS LLC

    INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. It comprises 19 businesses each with a major chemical company heritage. Our production network spans 73 manufacturing facilities in 19 countries throughout the world. We believe INEOS is characterized b ... more