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Ashland sells its carbonyl iron manufacturing business to Americal Carbonyl

| By Mary Bailey

American Carbonyl, LLC announced the acquisition of Ashland Global Holdings Inc.’s (Wilmington, Del.)  Carbonyl Iron Manufacturing assets and business lines. With this acquisition, American Carbonyl continues a long history of manufacturing Carbonyl Iron Micropowders and Iron Pentacarbonyl at the historic Redstone Arsenal located in Huntsville, Alabama. Carbonyl Iron Micropowders and Iron Pentacarbonyl are critical raw materials for the chemical, defense, and metals manufacturing sectors. American Carbonyl is the sole producer of these materials in the Western Hemisphere.

Alex Grous, President of American Carbonyl said, “we are pleased to complete this acquisition and continue the history of advanced metal powders production at the Redstone Arsenal location. We expect to retain the current staff and plan material capital investment to update and upgrade the facility, both of which will help us improve efficiency and enable us to continue supplying the existing customer base seamlessly.”

American Carbonyl plans to continue existing relationships with customers and suppliers and to expand product and service offerings through innovations in the Advanced Metal Powders sector. American Carbonyl is committed to building strong partnerships with customers and delivering exceptional value.