Clariant and Ashland to Sell ASK Chemicals JV to Rhône
MUTTENZ, Switzerland/COVINGTON, KY – Specialty chemicals company Clariant and Ashland Inc. have entered into a definitive agreement to sell their joint venture, ASK Chemicals headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London and New York-based private equity investment firm.
The transaction is expected to close during the third quarter 2014 and is subject to customary closing conditions, including regulatory approvals.