AOC, a leading global supplier of resins and specialty materials, announced the completion of the transaction to acquire the maleic anhydride business and manufacturing facility in Neal, West Virginia, from Ashland Global Holdings.
The purchase of the maleic anhydride business not only fortifies the supply chain for a critical ingredient in the production of unsaturated polyester resins (UPR)—AOC’s primary business – but also provides new opportunities within the maleic anhydride merchant market which were unattainable before the acquisition.
“We are delighted to have the maleic anhydride business as a part of our company and welcome the employees who have made it successful to the AOC family,” said Joe Salley, CEO, AOC. “We are excited about the growth prospects, not only as a source for our internal consumption but for the merchant market as well.”
