Ashland
Ashland operates through two divisions. The Chemicals unit consists of three subsidiaries. Ashland Distribution buys chemicals and plastics, then blends and repackages them for distribution in Europe and North America. Ashland Specialty Chemical makes specialty resins and polymers, adhesives, and chemicals for water treatment. Valvoline operates an oil-change chain (more than 600 outlets) and markets Valvoline motor oil and Zerex antifreeze. APAC makes up the Transportation and Construction unit and supplies asphalt and highway materials, but makes most of its money from building bridges and paving streets, primarily in the southern and Midwestern US.
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