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Ashland has agreed to sell its sclareolide business to the French firm Mane for an undisclosed sum. Ashland produces sclareolide from sclareol, which it extracts from clary sage plants grown in North Carolina. Companies like Mane turn sclareolide into ambroxide, a fixative chemical used in fine fragrances. Ashland acquired the fixative business as part of its ill-fated 2017 purchase of Pharmachem Laboratories and says the sale will complete its divestment of all former Pharmachem businesses.
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