- The deal consists of 100kte Potassium Hydroxide (KOH)/65kte Chlorine unit in Ashtabula Ohio, close to the INEOS Pigments facility.
- Ashley Reed, CEO INEOS Enterprises said “Once completed we believe the deal presents an excellent strategic fit for the long-term local supply and use of chlorine between ASHTA and INEOS Pigments.
INEOS Enterprises has today completed the acquisition of ASHTA Chemicals Inc, from Bigshire Mexico S. de R.L. de C.V. The deal, consists of a 100ktpa Potassium Hydroxide (KOH)/65 kte Chlorine plant.
ASHTA Chemicals will now be known as INEOS KOH and will be part of the INEOS Enterprises business.
INEOS KOH will continue to manufacture and market chlorine and a range of potassium-based chemicals to a variety of end use markets including liquid fertilizers, runway de-icers, food ingredients, pharmaceuticals, and agricultural applications.
The business employs around 110 people at the site in Ashtabula, Ohio, close to the INEOS Pigments operations, from where it operates a recently commissioned membrane cell technology chlor-alkali unit.
Commenting on the agreement, Ashley Reed, CEO INEOS Enterprises said “I am pleased to have now completed the acquisition of ASHTA Chemicals, which is an excellent strategic fit for the long-term local supply and use of chlorine at INEOS Pigments. In addition, ASHTA will bring a well-established and respected North American potassium hydroxide business into the INEOS Enterprises portfolio.”
ENDS
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