Ashland to purchase Degussa water treatment business.ASHLAND TO PURCHASE DEGUSSA DEGUSSA Deutsche Gold- und Silberscheideanstalt (German) WATER TREATMENT BUSINESS. Ashland Inc., Covington, Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. , USA has signed a definitive agreement to purchase the water treatment business of Degussa AG, branded under the Stockhausen name, in a transaction valued at approximately US$ 144 million (EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 120 million). Five manufacturing facilities located in Germany, China, Brazil, Russia and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. are included in the transaction. The Degussa water treatment business posted 2005 sales of nearly US$ 250 million. |
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