Ashland Considers the Future of its Performance Adhesives Business Unit
The company intends to evaluate all options with respect to the business unit, including a potential sale.
Ashland Global Holdings Inc. recently announced a strategic review of its Performance Adhesives business unit. Ashland intends to evaluate all options with respect to the business unit, including a potential sale. According to the company, the decision is consistent with its strategy to grow its integrated additive ingredients portfolio focused on its core pharma, personal care, and coatings businesses.
"Ashland's performance adhesives business unit has demonstrated exceptional financial performance with a strong and dedicated business team who excel at solutions in key niche markets," said Guillermo Novo, chairman and CEO. "The business has valuable products with differentiating performance for customers across a variety of applications and markets. The team has recently introduced innovations which provide exciting growth potential for this unique business."