Ashland Sells Lube And Emulsions Units | Chemical & Engineering News
Volume 89 Issue 46 | p. 16 | Concentrates
Issue Date: November 14, 2011

Ashland Sells Lube And Emulsions Units

Department: Business
Keywords: lubricants, polyol esters, specialty chemicals

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.

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