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Ashland to sell water technologies, elastomers

6:37 AM MDT | July 29, 2013

Ashland announced last week that it intends to sell its elastomers business and is “exploring options,” including a possible sale, for its water technologies business. The elastomers business, part of Ashland’s performance materials segment, recorded $330 million in sales for the year ended 30 June, the company says. The business mostly sells to the tire replacement market in North America and operates a facility at Port Neches, TX, with 250 employees. The water business, which posted 2012 sales of $1.7 billion and is one of Ashland’s four...

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