Ashland to sell off subsidiary

Robinson, Simon
June 2006
ICIS Chemical Business;6/26/2006, Vol. 1 Issue 25, p15
Trade Publication
The article considers the plans of Ashland to sell or spin off its paving construction subsidiary APAC to focus wholly on chemicals. The company is in exclusive negotiations with Oldcastle Materials over a possible sale of APAC but admits there is no guarantee of a deal. Ashland has said it would acquire more water treatment businesses as it expands into the water technology market.


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