Ashland Inc. completes previously announced transfer of a portion of its North American middle market commercial assets within its Water Technologies business to Rochester Midland Corporation
(Thomson Reuters ONE) -
FOR IMMEDIATE RELEASE
April 30, 2012
COVINGTON, Ky. - Ashland Inc. (NYSE: ASH) today said that its subsidiary,
Hercules Incorporated, conducting business as Ashland Water Technologies, has
completed the previously announced transfer of a portion of its middle market
commercial business assets to Rochester Midland Corporation (RMC). The business
to be transferred includes roughly 5,000 customer locations, with total
annualized revenues of approximately $15 million. Financial terms of the
transaction were not disclosed.
Under the agreement, RMC has the right to make and sell Ashland water treatment
products into the North American commercial market. Going forward, Ashland and
RMC will work together to provide high-quality, innovative products and services
to this market.
About Ashland Water Technologies
Ashland Water Technologies is a leading global producer of papermaking chemicals
and a leading specialty chemicals supplier to the pulp, paper, commercial and
institutional, food and beverage, chemical processing, mining and municipal
markets. Its process, utility and functional chemistries are used to improve
operational efficiencies, enhance product quality, protect plant assets and help
ensure environmental compliance.
About Ashland Inc.
In more than 100 countries, the people of Ashland Inc. (NYSE: ASH) provide the
specialty chemicals, technologies and insights to help customers create new and
improved products for today and sustainable solutions for tomorrow. 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.
Visit ashland.com to see the innovations we offer through our four commercial
units - Ashland Specialty Ingredients, Ashland Water Technologies, Ashland
Performance Materials and Ashland Consumer Markets.
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C-ASH
FOR FURTHER INFORMATION:
Media Relations:
Gary Rhodes
+1 (859) 815-3047
glrhodes(at)ashland.com
Investor Relations:
David Neuberger
+1 (859) 815-4454
daneuberger(at)ashland.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ashland Inc. via Thomson Reuters ONE
[HUG#1607607]
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Datum: 30.04.2012 - 17:01 Uhr
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