Profile: Ashland Inc (ASH.N)
3 Dec 2013
Ashland Inc. (Ashland) is a global specialty chemical company that provides products, services and solutions throughout a variety of industries. Ashland’s business operates in four segments: Ashland Specialty Ingredients; Ashland Water Technologies; Ashland Performance Materials and Ashland Consumer Markets. On March 31, 2011, Ashland completed the sale of substantially all of the assets of its global distribution business to Nexeo Solutions, LLC. On August 23, 2011, Ashland completed the acquisition of International Specialty Products Inc. (ISP). In January 2012, Celanese Corporation acquired certain assets from Ashland, which include two product lines, Vinac and Flexbond. In October 2012, the Company had set up a specialties technical research and development centre in Mumbai to support producers of personal and home care products in India and southeast Asia. In April 2013, JANA Partners LLC acquired a 7.361% stake in Ashland Inc.
Ashland Specialty Ingredients
Ashland Specialty Ingredients (Specialty Ingredients) offers products, technologies and resources for solving formulation and product performance in a range of markets including personal care, pharmaceutical, food and beverage, coatings, construction and energy. Specialty Ingredients offers solutions for consumer and industrial applications. Specialty Ingredients’ operating areas include organic and synthetic chemistry, polymer chemistry, surface and colloid science, rheology and microbiology. Specialty Ingredients’ solutions provide an array of properties, including thickening and rheology control, water retention, adhesive strength, binding power, film formation, conditioning and deposition, colloid stabilization, suspension, ultraviolet light filtration and color.
Specialty Ingredients operates in businesses, such as care specialties, pharmaceutical & nutrition specialties, coatings specialties, industrial specialties and performance specialties. The Care Specialties business is comprised of the Oral Care, Hair Care, Skin Care and Household product lines. Specialty Ingredients’ portfolio of oral care products deliver active ingredients in toothpaste and mouthwashes; provide bioadhesive functionality for dentures, and deliver flavor, texture and other functional properties. Specialty Ingredients’ portfolio of hair care products include advanced styling polymers, fixatives, conditioning polymers, emulsifiers, preservatives and rheology modifiers. The Skin Care line also provides sun care products, including ultra violet (UV) filters, water-resistant agents, and thickeners. Specialty Ingredients’ portfolio of products and technologies are used in cleaning applications, including fabric care, household and dish washing.
The Pharmaceutical & Nutrition Specialties business includes the pharmaceutical and food and beverage product lines. Specialty Ingredients is a supplier of excipients and tablet coating systems to the pharmaceutical and nutraceutical industries. Specialty Ingredients offers a select series of active ingredients and biopolymers with applications in the pharmaceutical and nutraceutical industries including an iron supplement that provides for bioavailabilty of iron, a PVP-iodine antiseptic skin disinfectant for wound treatments, and copolymers that deliver film forming and adhesion properties for spray bandages and ostomy adhesives. Specialty Ingredients provides cellulosic food ingredients. Its products include additives, stabilizers and gums, which are used in a range of ingredient offerings for bakery, beverage, dairy, desserts and toppings, meat, meat alternatives, pet food, prepared foods, sauces and savory products, and clarifiers used for wine and beer.
The Coatings Specialties business includes the Coatings and Biocides product lines. Specialty Ingredients provides rheology solutions for waterborne paints and coatings. Its product include hydroxyethlcellulose (HEC). Specialty Ingredients offers a line of biocides and preservatives for paints, coatings and wood care. In addition, Specialty Ingredients offers a portfolio of performance foam control agents, surfactants and wetting agents, co-binders and dispersants, and pH neutralizers.
The Industrial Specialties business includes the construction and energy product lines. Specialty Ingredients is a producer and supplier of cellulose ethers and companion products for the construction industry. Specialty Ingredients is a global manufacturer of synthetic-, cellulose-, and guar-based products for drilling fluids, oil well cement slurries, completion and workover fluids, fracturing fluids and production chemicals. Specialty Ingredients offers the oil and gas industry solutions for drilling, stimulation, completion, cementing and production applications.
The Performance Specialties business offers a spectrum of organo- and water-soluble polymers that are derived from both natural and synthetic resources. Its product lines include derivatized cellulose polymers, synthetics, guar and guar derivatives that impart effective functionalities to serve a variety of industrial markets and specialized applications. Performance Specialties also offers a portfolio of butanediol (BDO) and its derivatives, including tetrahydrofuran (THF), N-Methylpyrrolidone (NMP) and gamma-Butyrolactone.
Ashland Water Technologies
Ashland Water Technologies (Water Technologies) is a specialty chemical supplier to the pulp, paper, mining, food and beverage, commercial and institutional, chemicals processing, general manufacturing and municipal wastewater-treatment industries. Water Technologies offers a range of services, including analytical and applications laboratories, customized program offerings and, through its StreamLink Specialty Chemicals service model, a focused-service approach. Water Technologies’s product line includes process chemistries, utility chemistries and functional chemistries. water technologies manufactures and sells an array of process chemicals including deposit and scale control agents, defoamers, biocides, retention aids, frothers and collection aids, crepe and release additives and other process additives for markets, including pulp and paper manufacturing, mining and extraction, food processing, power, oil refining, chemicals processing, and general manufacturing.
Utility Chemistries provides specialized chemicals and consulting services for the utility water treatment market, which includes boiler water, cooling water, fuel and waste streams for the pulp and paper, food and beverage, commercial and institutional, power, oil refining, chemicals processing, general manufacturing, and municipal waste-water treatment industries. Water Technologies also manufactures and sells automated equipment, including performance-based feed and control systems, monitoring devices and remote system surveillance. Functional Chemistries produces specialized chemicals for the paper industry that impart specific properties such as strength, liquid holdout and printability to the final paper or board. Markets include packaging, tissue and towel, and printing and writing.
Ashland Performance Materials
Ashland Performance Materials (Performance Materials) is a global producer of specialty resins and adhesives serving the construction, transportation, infrastructure, packaging and converting, marine and energy markets. Performance Materials is also a supplier of gelcoats, pressure-sensitive adhesives, structural adhesives, laminating adhesives and coatings, and elastomers. In addition, through Performance Materials, Ashland holds a 50% joint venture interest in ASK Chemicals GmbH, a global supplier of chemicals and materials to the foundry industry.
Performance Materials businesses include composites and adhesives, and elastomers. The composites and adhesives business manufactures and sells a range of general purpose and high-performance grades of unsaturated polyester and vinyl ester resins, gelcoats and low-profile additives for the reinforced plastics industry. Key markets include the transportation, construction, marine and infrastructure end markets. The Composites and Adhesives business also manufactures and sells adhesive solutions to the packaging and converting, building and construction, and transportation markets and manufactures and markets specialty coatings and adhesive solutions across multiple industries. The Elastomers business provides raw materials used in the manufacture of tires, flooring, shoe soles, adhesives and sealants, automotive parts and industrial rubber goods. With avariety of product grades, the Elastomers business supplies styrene butadiene rubber (SBR) to an array of manufacturers.
Ashland Consumer Markets
Ashland Consumer Markets is a supplier of high-performance lubricants, automotive chemicals and appearance products, including those marketed under the Valvoline brands, and is an operator and franchisor of Valvoline Instant Oil Change centers. Consumer Markets markets the brands of products and services to the private passenger car, light truck and heavy duty markets. Its brands of products and services include Valvoline lubricants; Valvoline Premium Bluecommercial lubricants; MaxLifelubricant products for vehicles with 75,000 or more miles; NextGenmotor oil made from 50% recycled oil; Valvoline Professional Seriesautomotive chemicals; Pyroilautomotive chemicals; Eagle Oneautomotive appearance products; Car Briteautomotive reconditioning products; MaxLifeand Zerexantifreeze; Tectylindustrial products and Valvoline Instant Oil Changeautomotive services.
Consumer Markets businesses include Do It Yourself (DIY), Installer Channels, Valvoline Instant Oil Change (VIOC), Commercial & Industrial (C&I) and Valvoline International. The DIY business sells Valvoline and other branded and private label products to consumers who perform their own auto maintenance. These products are sold through retail auto parts stores, such as AutoZone, O’Reilly’s, Advance Auto Parts, mass merchandisers, such as Wal-Mart Stores, Inc., and warehouse distributors and their affiliated jobber stores such as NAPA and CARQUEST. The Installer Channels business sells branded products and services to installers (such as car dealers, general repair shops and quick lubes) and to auto auctions through a network of independent distributors and Company-owned and operated direct market operations. In addition, this business includes distribution to branded Valvoline Express Care, which consists of 333 independently-owned and operated stores. As of September 30, 2011, 260 Company-owned and 604 independently-owned and operated franchise VIOC centers were operating in 41 states. As of September 30, 2011, 260 Company-owned and 604 independently-owned and operated franchise VIOC centers were operating in 41 states.
The C&I business sells branded products and services to on-highway fleets, construction companies and original equipment manufacturers (OEMs) through Company-owned and operated direct market operations, national accounts and a network of distributors. Outside of North America, Valvoline International markets Valvoline, Eagle One, Zerexand other branded products through wholly owned affiliates, joint ventures, licensees and independent distributors in 129 countries. Valvoline International operates joint ventures with Cummins in Argentina, Brazil, China and India. In addition, Valvoline International operates joint ventures with local entities in Ecuador, Thailand and Venezuela. Valvoline International markets products for both consumer and commercial vehicles and equipment and is served by Company-owned plants in the United States, Australia and the Netherlands and by numerous third-party warehouses and toll manufacturers throughout the world.
16TH FLOOR, 50 E. RiverCenter Bo
P.O. Box 391
COVINGTON KY 41012
Company Web Links
- Exclusive: Danaher, Blackstone in joint bid for Ashland water unit - sources
- Exclusive: Danaher, Blackstone in joint bid for Ashland water unit - sources
- EXCLUSIVE-Danaher, Blackstone in joint bid for Ashland water unit -sources
- Ashland sees private equity offers for water unit pour in-sources
- Clariant, Ashland put foundry chemical venture up for sale