On the Record · Ashland

Ashland acquisitions, on the record

The businesses Ashland bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Performance Adhesives business Word for word“In 2022, a $726 million gain on disposal was recorded associated with the February 28, 2022 closing of the Performance Adhesives business segment divestiture.” 10-K for 2023	divestiture	February 28, 2022	—
Schülke personal care business Word for word“Favorable volume, including the acquisition of Schülke within the Personal Care reportable segment, and product pricing/mix associated with cost inflation pricing actions increased sales by $68 million and $289 million, respectively, partially offset by unfavorable foreign currency exchange of $77 million.” 10-K for 2023	acquisition	—	—
Specialty Additives facility Word for word“Income on acquisitions and divestitures, net during 2021 primarily relates to a $14 million gain related to the sale of a Specialty Additives facility.” 10-K for 2023	divestiture	2021	$14 million gain
excess corporate real estate Word for word“Income on acquisitions and divestitures, net during 2022 primarily relates to a $42 million gain on the sale of excess corporate real estate.” 10-K for 2023	divestiture	2022	$42 million gain
nutraceuticals business Word for word“Commencing a divestiture process for the Company’s nutraceuticals business;” 10-K for 2023	agreed divestiture	—	—
Valvoline Word for word“Valvoline 15 (6 ) 3 21 (9 )” 10-K for 2023	divestiture	—	—
Nutraceuticals business sold to Turnspire Capital Partners LLC Word for word“On August 30, 2024, Ashland completed the sale of its Nutraceuticals business to Turnspire Capital Partners LLC ("Turnspire").” 10-K for 2024	divestiture	On August 30, 2024	—
Performance Adhesives business segment Word for word“In 2022, a $726 million gain on disposal was recorded associated with the February 28, 2022 closing of the Performance Adhesives business segment divestiture.” 10-K for 2024	divestiture	February 28, 2022	—
Avoca business Word for word“During fiscal 2025, Ashland completed the sale of its Avoca business to Mane SA.” 10-K for 2025	divestiture	During fiscal 2025	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-09-30	$0	—	$94 million
2017-09-30	$680 million	—	$287 million
2018-09-30	$11 million	—	$5 million
2019-09-30	$2 million	—	—
2020-09-30	—	$98 million	—
2021-09-30	$309 million	—	$131 million
2022-09-30	$0	—	—
2023-09-30	$0	—	—

Deal filings since 2016

2026-09-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-07-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-10-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-04-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-07-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-03-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2022-02-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-02-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-02-28 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-09-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-07-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-08-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-06-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-18 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-05-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets

Read from Ashland’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-11-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.