The purchase fortifies the supply chain for a critical ingredient in the production of unsaturated polyester resin, AOC’s primary business.
AOC, a global supplier of resins and specialty materials, acquires the maleic anhydride business and manufacturing facility in Neal, West Virginia from Ashland Global Holdings. The purchase of the maleic anhydride business fortifies the supply chain for a critical ingredient in the production of unsaturated polyester resins (UPR)—AOC’s primary business—and provides the company with new opportunities within the maleic anhydride merchant market.
“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,” says Joe Salley, chief executive officer, AOC. “We are excited about the growth prospects, not only as a source for our internal consumption but for the merchant market as well.”
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