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Services :: Distribution

Ashland Completes Sale of Distribution Unit

2:13 PM MDT | March 31, 2011 | Nancy Seewald

Ashland says it has completed the sale of its distribution business, which has been renamed Nexeo Solutions (Dublin, OH) to TPG Capital (Fort Worth, TX) for about $979 million in cash plus the assumption of certain liabilities. The business had sales of about $3.4 billion in 2010. “This transaction signifies our sharpened focus as a high-performing specialty chemicals company,” says Ashland chairman and CEO James O’Brien. “As we move forward, we are well-positioned to invest in and grow our business, and we intend to do so.” Nexeo...

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