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Chemical Week Magazine :: Top of the Week
Ashland to Sell Synlubes, Emulsions Product Lines to Separate Buyers
7:26 AM MST | November 18, 2011 | â€”Robert WEstervelt
Ashland has reached separate deals to sell its and aviation and refrigerant lubricants business and polyvinyl acetate (PVA) emulsions unit. Combined revenues from both businesses were just under $100 million in 2010. Ashland agreed to sell its aviation and refrigerant lubricants business, a maker of polyol ester-based synlubes, to privately held Monument Chemicals (Indianapolis). Annual revenue for Ashlandâ€™s synlubes business is about $50 million. Terms were not disclosed. Ashland acquired the business as part of its 2008 acquisition of Hercules. The...
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