DUBLIN, OHIO - Ashland Chemical Co.'s Composite Polymers Division has acquired its first manufacturing facility in Europe. Ashland purchased the shares of Sociedad Italo-Espa, ola d Resinas SA, an unsaturated polyester res-in manufacturer in Beni-carl¢, Spain, from Montedison Group. Finan-cial terms were not disclosed.
Dublin-based Ashland will own the product lines, technology and plant, and gains 30 million pounds of capacity, said spokeswoman Stacie Noel.
The facility will provide a shorter supply line for customers and long-term supply reliability, said Larry Baker, vice president and general manager of the Composite Polymers Division.