- Mar 2, 2009
- Florida, USA
Ashland is mostly involved in selling chemical products at the wholesale level, and Valvoline is their only consumer products division, so they may regard it is as a poor strategic fit. Ashland has apparently been trying to de-leverage themselves (reduce debt) since their purchase of Hercules not too long ago, and right now Ashland may believe that they can get a better price for Valvoline than any of the other assets that could be sold.
Originally Posted By: OilGuy
Might they have started the "wear war" as a bold, last ditch effort to save a struggling portion of their business?