Ashland

Ashland

Specialty chemicals provider for coatings, pharma

Overview

Ashland is a diversified specialty chemicals company that originated as an oil refinery in 1924 and gradually shifted into chemicals, construction, and coal before fully reinventing itself as a pure-play specialty chemicals provider. Its products serve the personal care, pharmaceutical, and coatings markets. The company operates by developing and supplying chemical ingredients used in formulations across these industries, rather than delivering consumer finished goods. Compared with competitors, Ashland focuses on specialty chemical ingredients with an emphasis on performance materials and advanced additives, supported by a history of strategic acquisitions and spin-offs that steered it away from refining into differentiated chemical solutions. The company’s goal is to grow as a leading supplier of high-value, specialty ingredients by applying chemistry to improve the performance and quality of its customers’ products.

About Ashland

Simplify's Rating
Why Ashland is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Healthcare

Consumer Goods

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Covington, Kentucky

Founded

1924

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Simplify's Take

What believers are saying

  • July 29, 2026 Q3 sales rose 7% to $497 million.
  • Ashland generated $103 million ongoing free cash flow and cut inventory nearly $80 million.
  • Sept. 17 Innovation Day showcased new commercial opportunities across technology platforms.

What critics are saying

  • Ancora's July 2026 settlement keeps capital-allocation pressure alive through 2028.
  • Specialty Additives and Intermediates posted EBITDA declines in Q3 2026.
  • A failed sale process leaves Ashland exposed to activist breakup demands.

What makes Ashland unique

  • Ashland's oral biologics excipients, including Permexa sodium caprate, target GLP-1 formulations.
  • Sept. 22, 2026 agrimer eco-disperse OD uses transformed vegetable oils and biodegradability.
  • Its portfolio spans Life Sciences, Personal Care, Specialty Additives, and Intermediates.

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Benefits

Health Insurance

Paid Vacation

Paid Holidays

401(k) Retirement Plan

Remote Work Options

Flexible Work Hours

Wellness Program

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
MarketScreener
Sep 22nd, 2026
Ashland Inc. launches agrimer? Eco-Disperse OD TVO? Polymeric dispersant.

Ashland Inc. launches agrimer? Eco-Disperse OD TVO? Polymeric dispersant. Published on 09/22/2026 at 11:45 am EDT S&P Capital IQ Ashland Inc. announced the global launch of agrimer? eco-disperse OD TVO? polymeric dispersant, a patented, nature-based dispersant developed for non-aqueous crop protection formulations. The introduction represents the latest commercial innovation from the TVO? platform. Agrimer? eco-disperse OD was engineered so agrochemical formulators could address the growing industry challenge of delivering high-performance formulations while advancing sustainability goals and meeting increasingly complex regulatory expectations. The new polymeric dispersant enables effective stabilization and uniform dispersion of water-insoluble active ingredients, helping improve formulation performance, stability and application efficiency. The technology offers nature-based, inherently biodegradable and microplastic-free attributes that support the transition toward more environmentally responsible crop protection products. Derived from transformed vegetable oil, agrimer? eco-disperse OD helps improve dispersion stability, enhance leaf adhesion, coverage and rain fastness. The technology reduces common formulation challenges such as active ingredient settling and nozzle clogging, helping customers improve product consistency and field performance. Its broad formulation compatibility, ease of use and competitive cost-in-use profile provide additional flexibility for formulators developing suspension concentrates and other non-aqueous formulations. (C) S&P Capital IQ - GlobeNewswire - 2026

Personal Care Magazine
Sep 4th, 2026
Evonik snaps up Justine Cotton to head global brand partnerships

Evonik snaps up Justine Cotton to head global brand partnerships. * September 04, 2026 Justine Cotton has joined Evonik from Ashland to be the German personal care ingredient maker's global brand partner and claims manager. France-based Cotton was with Ashland for the past 16 years, most recently as global marketing manager for biofunctionals. She joins Evonik's Actives Consumer Excellence unit, a global team of experts fostering collaboration and excellence. "I'm thrilled to bring my passion and expertise in longevity science and cosmetic actives to the Actives Consumer Excellence unit, and to embark on this new chapter with such an inspiring team," said Cotton. "What has already impressed me is the incredible combination of science, innovation, technologies and, above all, talented and knowledgeable people I'll have the opportunity to work with," she added. "I can already feel there is so much to learn, create and achieve together."

GlobeNewswire
Aug 31st, 2026
Ashland to host Innovation Day for analysts and investors.

Ashland to host Innovation Day for analysts and investors. August 31, 2026 18:30 ET | Source: Ashland, Inc. Wilmington, Del., Aug. 31, 2026 (GLOBE NEWSWIRE) - Ashland Inc. (NYSE: ASH) will host a live Innovation Day webcast for analysts and investors from Wilmington, Delaware on September 17, 2026. The event will provide an updated view of Ashland's Technology Platforms, including their commercial progress and scalability. Registration is required and can be accessed from the following link: innovationday26.ashland.com Participants will hear from Ashland executives and senior technology leaders as they provide an in-depth review of the latest innovations and expanding commercial opportunities. The presentations will detail how these advancements are poised to impact key markets and drive organic growth. Following formal remarks, participants will have the opportunity to engage directly in a moderated question and answer (Q&A) session. Ashland leaders presenting at the event include: * Guillermo Novo, chair, and chief executive officer * Osama Musa, senior vice president and chief technology officer * Jim Minicucci, senior vice president and general manager, personal care * Alessandra Faccin, senior vice president and general manager, life sciences and intermediates * Dago Caceres, senior vice president and general manager, specialty additives * William Whitaker, senior vice president and chief financial officer * Sandy Klugman, director, investor relations Presentations will begin promptly at 9:00 a.m. ET and conclude after the Q&A session at approximately 11:00 a.m. ET. Registration information and further event details can be found on Ashland's investor website at http://investor.ashland.com A webcast of the event will be available live and can be accessed, along with supporting materials, through the Ashland website. A replay will be available within 24 hours of the live event and will be archived, along with supporting materials, on the Ashland website for 12 months. Copies of the presentation may also be requested by sending an email to [email protected] About Ashland Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environmental, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 2,900 passionate, tenacious solvers - from renowned scientists and research chemists to talented engineers and plant operators - thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com and ashland.com/ESG to learn more. (TM) Trademark, Ashland or its subsidiaries, registered in various countries. FOR FURTHER INFORMATION: | Investor Relations: | Media Relations: | | Sandy Klugman | Carolmarie C. Brown | | +1 (302) 594-7777 | +1 (302) 995-3158 | | [email protected] | [email protected] | Attachments

Associated Press
Aug 24th, 2026
Ashland launches permexa sodium caprate to advance oral biologics delivery

Ashland has launched permexa sodium caprate, an intestinal permeation enhancer designed to support the development and commercialisation of oral peptide and biologic drug products, including GLP-1 agonists. The excipient addresses key challenges in oral drug delivery by combining permeability enhancement with improved manufacturing properties such as powder flow and compressibility. The launch responds to growing pharmaceutical investment in oral alternatives to injectable therapies, driven by patient convenience and treatment adherence benefits. Prior to the commercial launch, Ashland recorded engagement with multiple pharmaceutical, biotech, and contract development organisations globally through sampling activities and formulation development discussions. Ashland plans further expansion of its oral biologics portfolio. The company has additional products in development and intends to leverage synergies with its existing vinyl pyrrolidone and derivatives portfolio to strengthen its position in the oral biologics delivery market.

AgroPages.com
Aug 24th, 2026
[FAT2026 speaker]agrimer(tm) eco-disperse OD: A sustainable, non-aqueous dispersant based on transformed vegetable oils (TVO).

[FAT2026 speaker]agrimer(tm) eco-disperse OD: A sustainable, non-aqueous dispersant based on transformed vegetable oils (TVO). Aug. 24, 2026 Ashland inc. united states follow. AgroPages is pleased to announce that Jean J. (JJ) Gulka, Global Business Director for Crop Care at Ashland, and Kiel Moore, Global Technology Platform Leader for Crop Care at Ashland, will be featured speakers at the 7th Ag Formulation & Application Technology Congress (FAT 2026). The congress will take place on October 29-30, 2026, in Hangzhou, Zhejiang, China. Ashland has been a Gold Sponsor of the FAT Congress for three consecutive years and will return this year to deliver a cutting-edge technical presentation. Addressing the industry's core challenge and delivering tangible value. The industry faces a critical dilemma: global regulators are phasing out microplastics in agricultural formulations, yet formulators cannot compromise on suspension stability, rainfastness, or cost-efficiency. Ashland's presentation tackles this head-on with agrimer(TM) eco-disperse OD, a nature-derived dispersant that delivers three key values: * Regulatory de-risking - Microplastic-free and inherently biodegradable (verified by OECD tests), offering a credible pathway to meet evolving global standards. * Seamless adoption - Integrates into existing manufacturing processes for oil dispersions without costly equipment changes. * Competitive cost-in-use - Delivers performance and sustainability at a cost structure that supports commercial viability and portfolio differentiation. What the presentation will cover. JJ Gulka and Kiel Moore will present "agrimer(TM) eco-disperse OD: a sustainable, non-aqueous dispersant based on transformed vegetable oils (TVO)." Derived from renewable vegetable oils, this non-aqueous dispersant is inherently biodegradable and contains zero microplastics. The session will share performance data demonstrating that agrimer(TM) eco-disperse OD: * Delivers a balanced suspension and dispersion performance, ensuring formulation consistency and robustness across different active ingredients * Provides excellent storage stability with minimal phase separation under varied temperature conditions * Enhances rainfastness, improving active ingredient retention on target crop surfaces following rainfall * Integrates seamlessly into oil dispersions and other non-aqueous formulations using standard manufacturing equipment * Offers a bio-based solution that supports sustainability goals while maintaining a competitive cost-in-use profile Attendees will gain practical insights into how this technology can be incorporated into their own formulation workflows, along with real-world case studies illustrating its performance across different active ingredients and crop scenarios. About the speakers. Jean J. (JJ) Gulka, M.Eng, MBA,Global Business Director, Crop Care Ashland Jean (JJ) is the Global Business Director for Crop Care at Ashland, based in Bridgewater, New Jersey, USA. He leads the company's global agrochemical business strategy across NA, LATAM, EMEA, and APAC, with responsibility for business growth, innovation commercialization, and strategic customer partnerships. JJ has extensive experience in agricultural formulation technologies, including seed treatment, adjuvants, biologicals, and specialty ingredients. He works closely with leading agrochemical companies worldwide to develop sustainable solutions that enhance formulation performance, regulatory compliance, and market differentiation. At Ashland, JJ drives the commercialization of innovative technologies, including sustainable seed coating platforms, advanced wetting agents, and next-generation dispersants. He partners across commercial, technical, regulatory, manufacturing, and marketing teams to translate innovation into profitable growth opportunities. He is passionate about building strong customer relationships, developing high-performing teams, and delivering solutions that create long-term value for customers and Ashland. JJ holds a master's degree in Chemical Engineering from INSA-ITECH Lyon, France, and a Master of Business Administration (MBA) from UOP. Kiel Moore, Global Technology Platform Leader, Crop Care Ashland Kiel Moore leads research and innovation activities within Ashland's Crop Care business, and is focused on developing sustainable formulation technologies for agricultural applications. His expertise includes bio-based polymers, renewable ingredients, crop protection formulations and delivery systems that enhance performance and sustainability. He collaborates with leading agricultural companies to bring innovative technologies from concept to commercialization and is a co-inventor on multiple patents in formulation and agricultural technology. Kiel holds a Bachelor of Science in Biology and Chemistry from West Texas A&M University. FAT 2026 adheres to the core philosophy of "Global Vision, Local Innovation," focusing on the entire industry chain - formulation R&D innovation, adjuvant technology iteration, complex formulation breakthroughs, biological formulation commercialization, and process engineering upgrades. The congress precisely dissects the core pain points within each segment and delivers actionable industry solutions to drive the sector's leapfrog upgrading. This is your premier platform to exchange cutting-edge research, discover transformative technologies, and build meaningful partnerships with global experts. Agropages cordially invite you to join Agropages in Hangzhou to advance the high-quality development of the crop protection formulation industry.

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