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Ashland water business likely to attract private equity interest

4:54 PM MDT | August 12, 2013 | —Vincent Valk

Ashland’s water treatment business is likely to attract interest from private equity firms and possibly energy companies, financial sources say. Ashland announced it is “exploring options” for the business, including a sale, when the company released second-quarter earnings in late July. Ashland is also selling its elastomers business, the source of a $17 million write down behind a year-on-year (YOY) fall in the company’s second-quarter earnings. Ashland’s water treatment business posted sales of $1.73 billion in its 2012 fiscal...

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