Ashland is a diversified company involved in the worldwide supply of chemicals, products and services to primarily the construction, transportation and water industries. It operates through four wholly owned divisions: Ashland Performance Materials, Ashland Distribution, Valvoline and Ashland Water Technologies.
Ashland Performance Materials division manufactures and supplies specialty chemicals and customised services. Ashland Distribution distributes chemicals, plastics, reinforcements and resins, and fine ingredients in North America and plastics in Europe. Ashland Water Technologies comprises of Drew Industrial and Drew Marine. Valvoline markets, distributes and produces automotive and industrial products and services.
On 13 November Ashland competed its $2.60bn (€2.06bn) acquisition of Hercules. Each share of Hercules common stock outstanding was exchanged for $18.60 in cash and 0.093 of a share of Ashland common stock.
Ashland’s key strategic focus is growing as a diversified chemical company both organically and through acquisitions. The company will expand globally in the growing markets of China, Russia and Brazil, as well as in the US, France and Germany.
Ashland will integrate its marketing, strategy, and research and development functions into a single organisation. By doing this it will have a “solid foundation” and a growth team that can identify market needs and meet them with new products and services.
Operating in more than 100 countries around the world, Ashland has annual sales of around $9bn (fiscal 2010) and employs around 14,700 people.
Member: Roger Hale
Member: Bernadine Healy
Member: Kathleen Ligocki
Member: Vada Manager
Member: James O'Brien
Member: Barry Perry
Member: Mark Rohr
Member: George Schaefer
Member: Theodore Solso
Member: John Turner
Member: Michael Ward
Chief executive officer: James O'Brien
Senior VP and CFO: Lamar Chambers
Senior VP and general counsel: David Hausrath
VP and president (Ashland Distribution): Robert Craycraft
VP (HR and communications): Susan Esler
VP and president (global supply chain, environmental): Theodore Harris
VP and controller: William Heitman
VP and president (Ashland consumer markets): Samuel Mitchell
VP and president (Ashland Aqualon Functional Ingredients) John Panichella
VP and president (Ashland Hercules Water Technologies): Paul Raymond
VP (acquisition integration): Anne Schumann
VP and chief growth officer: Walter Solomon
VP (tax): Scott Gregg
(Updated October 2009)
Ashland IncCorporate Headquarters50 E. RiverCenter Blvd.PO Box 391Covington, KY 41012-0391USTel: +1 859 815 3333
Ashland Specialty Chemical Co and Ashland Distribution Co5200 Blazer ParkwayDublin, OH 43017USTel: +1 614 790 3333Fax: +1 614 790 4119Email: email@example.com
Ashland is a diversified company involved in the worldwide supply of chemicals, products and services to primarily the construction, transportation and water industries. Ashland started in 1924 as a regional petroleum refiner. On 13 November 2008, Ashland acquired Hercules
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Ashland’s key strategic focus is growing as a diversified chemical company both organically and through acquisitions. ICIS also provides you with key financial data listed in table form.
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