18 February 2014
Details
Ashland Inc.
has signed a definitive agreement to
sell Ashland Water Technologies to
a fund managed by
Clayton, Dubilier & Rice
in a transaction valued around $1.8 billion
expected to to close by the end of Ashland's
fiscal year ended on September 30, 2014.
About Ashland Water Technologies
- With annual sales of $1.7 billion and
around 3,000 employees worldwide,
- Ashland Water Technologies is a leading supplier of
specialty chemicals and services to
* the pulp and paper and
* industrial water markets.
- Over the past year, them commercial unit has reported
significant improvements in
its business and financial performance
as a results of a plan to
* simplify the organization,
* focus on key growth opportunities and
* deliver better services and value to customers.
- The result has been steay growth and improved margins.
About Clayton, Dubilier & Rice
- Founded in 1978, Clayton, Dubilier & Rice is
a private investment firm
with an investment strategy predicted on
producing financial returns through
building stronger, more profitable businesses.
- Since inception, CD&R has managed the investment of
more than $19 billion in 59 businesses
with aggregate transaction value of more than $90 billion.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
