Ashland | Company Information from ICIS

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 $8.1bn (fiscal 2009) and employs around 11,900 people.

ICIS Chemical Business magazine has unveiled the ICIS Top 100 Chemical Companies, with rankings based on 2008 sales.

A PDF of the ICIS Top 100 Chemical Companies is available for download on ICIS connect.

See the article and analysis of the ICIS Top 100 on ICIS news.

Board members

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

Executive officers

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 

Ashland Company Structure

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
More about Ashland Structure

Ashland Strategy & Financial Highlights

Ashland’s key strategic focus is growing as a diversified chemical company both organically and through acquisitions. (Edited from: “Chairman's statement” Annual Report 2006 and “Outlook”). ICIS also provides you with key financial data listed in table form. More about Ashland Strategy & Financial Highlights

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