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Tampa Bay Area
Business Observer Friday, Apr. 29, 2011 9 years ago

Nexeo Solutions acquires Ashland Inc. property

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TPG Capital has transferred two Tampa Ashland Distribution properties to Nexeo Solutions LLC for $3.3 million.

BUYER: Nexeo Solutions LLC (TPG Accolade Holdings LLC), Fort Worth, Texas


SELLER: Ashland Inc.


PROPERTY: 5125 and 5025 W. Hanna, Tampa


PRICE: $3.3 million


PREVIOUS PRICE: $146,000, May 1988 and $35,000, January 1972


LAW FIRM ON DEED: Ashland Inc., Dublin, Ohio


PLANS, DESCRIPTION: TPG Capital has transferred two Tampa Ashland Distribution properties to Nexeo Solutions LLC for $3.3 million. The properties include a 52,000-square-foot distribution facility on 4.8 acres and an adjacent vacant 7.15-acre lot.


TPG Capital's Nexeo Solutions LLC affiliate purchased Ashland Distribution in March from Ashland Inc. for $979 million.


The 4.8-acre property is used for the distribution and packaging of Nexeo Solutions' chemicals, plastics and composites business lines. The company has no immediate plans for the vacant parcel.


The company distributes chemicals, plastics, composites and provides environmental services. It employs 2,000 people in North America, Europe and Asia.

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