We are approximately 4,000 passionate, tenacious solvers – from renowned scientists and research chemists to talented engineers and plant operators – who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit to see the innovations we offer through our four commercial units – Ashland Specialty Ingredients, Ashland Water Technologies, Ashland Performance Materials and Ashland Consumer Markets (Valvoline).Ashland (NYSE: ASH) is a premier global specialty chemicals company serving customers in a wide range of consumer and industrial markets. Our chemistry is at work every day in a wide variety of markets and applications, including architectural coatings, automotive, construction, energy, food and beverage, personal care, pharmaceutical, tissue and towel, and water treatment. (NYSE: ASH) provide the specialty chemicals, technologies and insights to help customers create new and improved products for today and sustainable solutions for tomorrow. In more than 100 countries, the people of Ashland Inc.

Moelis & Company acted as financial advisor, and Sullivan & Cromwell LLP acted as legal counsel, to ISP. BofA Merrill Lynch acted as financial advisor, and Cravath, Swaine & Moore LLP acted as legal counsel, to Ashland. The transaction was funded through a combination of cash on hand and borrowed funds from Citigroup, The Bank of Nova Scotia, BofA Merrill Lynch and U.S. In particular, we now can offer our customers one of the broadest, most functional portfolios of water-soluble polymers in the world.”

Ashland anticipates approximately $50 million in annual run-rate savings by the end of the second year through eliminating redundancies and capturing operational efficiencies.Īdded Panichella, “The addition of ISP greatly expands the breadth of our technology platforms and provides new resources and capabilities to better capitalize on market opportunities. In addition, approximately half of Ashland’s overall revenues will now be derived outside of North America.Īn integration team with key representatives of both companies is being led by John Panichella, president of the new Ashland Specialty Ingredients business. Going forward, Ashland Specialty Ingredients is expected to contribute roughly half of Ashland’s EBITDA. Effective immediately, the combined unit will be called Ashland Specialty Ingredients. ISP will be integrated into the Ashland Aqualon Functional Ingredients commercial unit, more than doubling the size of Ashland’s highest-margin business. This acquisition enhances our ability to satisfy the increasing global demand for more technologically advanced consumer and industrial products, and to continue to generate industry-leading innovation and solutions for our customers.” “We are excited about combining ISP’s technologies and capabilities with our own. O’Brien, Ashland chairman and chief executive officer.

“This defining transaction is expected to be immediately accretive and will significantly expand our position in higher-margin, higher-growth end markets, including personal care, pharmaceutical, food and beverage and energy,” said James J. The purchase was an all-cash transaction for $3.2 billion, subject to post-closing adjustments for changes in net working capital and certain other items. (ISP), a global specialty chemical manufacturer of innovative functional ingredients and technologies. (NYSE: ASH), a global leader in specialty chemical solutions for consumer and industrial markets, completed its acquisition of privately owned International Specialty Products Inc.

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