Ashland to buy adhesive and polymer assets from Air Products
Approximately 80 employees will transfer to Ashland upon closing of the acquisition, expected by June 30, dependent upon a number of standard closing conditions including regulatory review.
"This is a highly desirable strategic fit with our resins growth platform and our present business in the adhesives and coatings market space," said James J. O'Brien, Ashland's chairman and chief executive officer. "It meets our objectives for adding scale in a targeted segment that has expectations for above-average growth and attractive margins."
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