The possible sale of Ashland Inc.’s distribution business kicks off this week’s Material Insights video.
Reuters news service reported Aug. 12 that Ashland has hired Bank of America to advise on a possible sale of the business, which includes one of North America’s largest resin-distribution operations. Officials with Ashland declined to comment on the story, with a company spokesman saying that the firm doesn’t comment on market rumors.
For the first nine months of 2010, distribution was Ashland’s largest business, based on sales. But in operating income,...