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Business
Ashland Sells Lube And Emulsions Units
by Marc S. Reisch
November 14, 2011
| A version of this story appeared in
Volume 89, Issue 46
Ashland has agreed to sell its aviation and refrigerant lubricants business to Monument Chemical for an undisclosed price. The polyol ester-based lubricants business has annual sales of about $50 million. The deal, set to close by early January, includes a manufacturing facility in Louisiana, Mo. Separately, Ashland will sell its Vinac and Flexbond polyvinyl acetate emulsion polymers product linesto Celanese. With sales of about $45 million last year, the businesses serve adhesives, textiles, coatings, and paper markets.
The power is now in your (nitrile gloved) hands
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