Ashland Global to use bank debt for Schulke & Mayr purchase

By Rebecca Melvin

New York, Jan. 19 – Ashland Global Holdings Inc. said it plans to fund a €262.5 million all-cash acquisition of Schulke & Mayr GmbH with bank financing and available cash, according to a company release.

Ashland said it signed a definitive agreement to acquire the personal care business, which will be immediately accretive to earnings once the transaction is completed before the end of second quarter.

The specialty additives and materials company is based in Wilmington, Del.

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