Ashland, Süd-Chemie to Form Metal Casting JV

O’Brien: Strong growth opportunities. Ashland and Süd-Chemie say they have agreed to combine their respective metal casting businesses into a $1.1-billion joint venture. The jv will be headquartered in Venlo, the Netherlands and comprise: Ashland’s casting solutions business, part of Ashland Performance Materials; the foundry-related assets of Süd-Chemie; and Ashland-Sudchemie-Kernfest (ASK; Hilden, Germany), an existing jv formed by the companies in 1970. The companies say they will transfer assets and employees to the new venture in early...

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