Ashland Inc. Agrees to Sell Avoca Business to Mane in Q1 2025
Ashland Inc.’s Major Business Deal with Mane
Ashland Inc. (ASH), a world-renowned company, has officially announced its plans to sell its Avoca business to Mane. This significant transaction in the fragrance industry is projected to conclude in the first quarter of 2025, given that all customary closing conditions are met.
About Ashland’s Avoca Business
The Avoca business, under Ashland Inc., is known for its production of Sclareolide, a fragrance fixative, and its versatile contract manufacturing abilities. It operates two production facilities, one in North Carolina and another in Wisconsin. This business deal with Mane represents a major shift in the fragrance and personal care industry.
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