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Lion Copolymer Holdings, LLC acquires business
December 2, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ashland Inc. has announced it has completed the sale of its elastomers business, based in Port Neches, TX, USA to Lion Copolymer Holdings, LLC. Financial terms were not disclosed. The elastomers business, which primarily serves the North American replacement tire market, accounted for approximately 18% of Ashland Performance Materials’ $1.6 billion in sales in fiscal 2014. Ashland operates a 250-person manufacturing facility in Port Neches that serves elastomers customers. “We are please...
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