The deal is expected to complete in the first half of 2019.
INEOS Enterprises recently announced it has agreed to acquire the composites business from Ashland Global Holdings Inc. for $1.1 billion. The businesses included in the transaction reportedly have combined sales of more than $1.1 billion per year, and employ 1,300 across 20 sites in Europe, North and South America, Asia, and the Middle East.
The deal is expected to complete in the first half of 2019.