09:23 uur 16-11-2018

De Valence Group adviseert INEOS Enterprises over de overname van Ashland’s Composites Business en BDO Facility in Duitsland

LONDEN–(BUSINESS WIRE)– De Valence Group trad op als financieel adviseur van INEOS Enterprises bij de aangekondigde overname van de Composites business en de BDO facility in Duitsland van Ashland Global Holdings Inc. “(“Ashland”) voor $1,1 miljard. De transactie zal naar verwachting in de eerste helft van 2019 worden afgerond, onder voorbehoud van wettelijke goedkeurings- en overlegprocessen.
De Composites business is een wereldleider in onverzadigde polyesterharsen, vinylesterharsen en gelcoatings. Naast zijn brede waaier van gelcoatings, verstrekt het bedrijf ook corrosiebestendige met glasvezel versterkte plastics die uitzonderlijke duurzaamheid, superieure hittebestendigheid, lage onderhoudskosten en hoge prestaties leveren voor uitdagende omgevingen.

The Valence Group Advises INEOS Enterprises on Its Acquisition of Ashland’s Composites Business and BDO Facility in Germany

LONDON–(BUSINESS WIRE)– The Valence Group acted as financial advisor to INEOS Enterprises on its announced acquisition of the Composites business and BDO facility in Germany of Ashland Global Holdings Inc. (“Ashland”) for $1.1 billion. The transaction is expected to complete in the first half of 2019, subject to regulatory approval and consultation processes.

The Composites business is a global leader in unsaturated polyester resins, vinyl ester resins and gel coats. In addition to its wide range of gelcoats, the business also provides corrosion-resistant fiberglass reinforced plastics which provide exceptional durability, superior heat resistance, low maintenance and high performance for challenging environments. The BDO facility in Marl, Germany produces key intermediates for high performance polyesters and polyurethanes. The businesses included in the transaction comprise 20 manufacturing sites in Europe, North and South America, Asia and the Middle East, employ 1,300 people and generate combined sales of more than $1.1 billion per annum.

About INEOS Enterprises

INEOS Enterprises comprises a portfolio of businesses manufacturing chemical products in Northern Europe USA and Canada, with sales of €2bn around the world. The business is focused on the developing needs of its customers and rapid growth through investment in new products and manufacturing facilities or by acquisition. It employs c. 2,000 people across sites in the UK, Germany, Sweden, Switzerland, Canada and the USA.

About Ashland

Ashland Global Holdings Inc. (NYSE: ASH) is a global specialty chemicals company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. Ashland employs approximately 6,000 people in more than 100 countries.

About The Valence Group

The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategy consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London.

 

Contacts

The Valence Group
Paul Lakind, 212-847-7339
plakind@valencegroup.com

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