ERJ staff report (BC)
Covington, Kentucky – Ashland Inc. has begun a sale process for its elastomer tire materials business, Andrew Noel has reported for Bloomberg.
The asset, inherited with the purchase of International Specialty Products for $3.2 billion (€2.4 billion), is reported to generate about $330m (€248m) in sales.
Ashland is also considering options, including a disposal, for its water treatment business, which posted $1.73 billion (€1.3 billion) in revenue last year.
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Full story from Bloomberg