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All-cash transaction expected to close later this year.
January 20, 2021
By: Christine Esposito
Editor-in-Chief
Ashland Global Holdings Inc. has signed a definitive agreement to acquire the personal care business from Schülke & Mayr GmbH, a portfolio company of the global investment organization EQT. Under the terms of the agreement, Ashland will pay €262.5 million, approximately $318 million, in an all-cash transaction, which is expected to be completed before the end of the June quarter subject to customary closing conditions and required regulatory approvals. According to Ashland, the acq...
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