Manufacturing Industry
Ashland Distribution acquiring Albis unit.
Plastics News, May, 2005 by Esposito, Frank
Byline: Frank Esposito It looks like Ashland Distribution will stay in the resin market after all. The Dublin, Ohio-based resin distribution leader agreed April 27 to buy the distribution business of Albis Plastics of Rosenberg, Texas. No purchase price was disclosed in the deal, which includes distribution of small-lot color compounds that Albis produces in Rosenberg.
No physical assets were included. An undetermined number of Albis employees will transfer to Ashland, according to Ashland spokesman Jim Vitak. In recent years, rumors had swirled that Ashland Inc., the Covington, Ky.-based conglomerate that owns Ashland Distribution, was looking to exit the distribution business. But financial performance at the unit - which includes plastics, chemicals,...
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