Ashland completes purchase of Degussa water treatment business
Ashland Inc. 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 necessary 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.
Five manufacturing facilities located 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.
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