Ashland goes stronger DERAKANE resin business acquisition
Jan 05, 2005
Ashland Composite Polymers, a business group of Ashland Specialty Chemical, a division of Ashland Inc purchases the DERAKANE epoxy vinyl ester resin business from the Dow Chemical Company through buying all technology and intellectual property assets associated with the DERAKANE resin products. Acquisition cost will equal to about USD 90 million. Annual sales of DERAKANE resins make ca USD70m.