Covington — Ashland Inc. announced Wednesday that it has completed its purchase of the water treatment business of Degussa AG — branded under the Stockhausen name — in North America, South America, western Europe and most of the rest of the world.
In the areas where the purchase has not been completed, the parties have undertaken steps to ensure that statutory requirements are met for the expected regulatory approvals. The entire transaction is valued at approximately 122 million euros.
The Stockhausen business will be known as Environmental and Process Solutions and operate as a business group of Ashland Water Technologies, a business of Ashland Specialty Chemical, a division of Ashland Inc.
“With this transaction, we significantly expand our technology base and product lines through the addition of water soluble polymer technology, greatly enhancing our offering to our customers,” said Len Gelosa, senior vice president, Ashland Water Technologies, in a release.
“Further, we expand our presence in strong existing markets like Europe and the U.S., as well as new growth markets like China, Russia and Brazil.”
Five manufacturing facilities in Germany, China, Brazil, Russia and the United States are included in the transaction. The Degussa water treatment business posted 2005 sales of nearly $250 million.
Ashland Water Technologies, a business of Ashland Specialty Chemical, is a supplier of chemical and nonchemical water treatment solutions for industrial and commercial facilities.
It provides industrial, commercial and institutional water treatments, wastewater treatment, pathogen control, paint and coating additives, pulp and paper processing and mining chemistries. In addition, it also provides boiler and cooling water treatments, fuel treatments, welding, refrigeration and sealing products; and firefighting, safety and rescue products and services for the merchant marine industry.
Ashland Specialty Chemical, a division of Ashland Inc., is a leading, worldwide supplier of specialty chemicals serving industries including adhesives, automotive, composites, metal casting, merchant marine, paint, paper, plastics, watercraft and water treatment.
Business
May 31, 2006
Ashland completes purchase of water treatment business
- Business
-
-
TIM PRESTON: Leftovers, small biz winners, pet spa
Tim Preston's weekly business column.
-
Tim Preston: Wings, wines, princesses and punks: 5/6/12
I always get into trouble when I start asking about who has “the best” of any particular thing to eat.
-
Investing in downtown
Perry Madden says he hopes to succeed in business while also helping to breathe new life into a few of downtown Ashland’s historic structures.
-
TIM PRESTON: Spiders, snakes, Sincerely Yours, music and taxi service
Tim Preston's weekly business column.
-
Tim Preston: Reptiles and arachnids, on consignment and safe rides: 4/29/12
A few months back I covered a Saturday story I wasn’t too excited about.
-
TIM PRESTON: Happy Hut, massages and Pure Pit
Tim Preston's weekly business column
-
TIM PRESTON: Great road burger, the ostrich approach, miners and artists
Tim Preston's weekly business column.
-
Homegrown success story
Mike Wheeler began his business with nothing more than a push mower and a weed trimmer.
-
TIM PRESTON: Chasing the sun, Angry Frenchman and lunch at the mall
Tim Preston's weekly business column.
-
TIM PRESTON: Spanish Grill, Fank's, Fat Patty's and more
Tim Preston's weekly business column.
- More Business Headlines
-
TIM PRESTON: Leftovers, small biz winners, pet spa
NYPD: Person Implicated in Etan Patz Death
Raw Video: Fire on Nuke-powered Sub in Maine
Illegal Burn Suspected in Nevada Fire
Obama: 'We've Got More Work to Do'
Astrologers Predict Outcome of Presidential Race
Gulf Fishermen Reel From Seafood Troubles
Stuntman Makes Skydive Without Parachute in UK
FAMU Bandmates: Victim Volunteered to Be Hazed
Raw Video: Bride Who Faked Cancer Released
Raw Video: Tornado Appears During Wedding
Raw Video: Passed Out Man Robbed
Inquiry Hears Wider Secret Service Misbehavior
HP to Cut 27,000 Jobs, Save Up to $3.5B
