M&A Deal Summary

Ashland Acquires OCH International

On December 11, 2015, Ashland acquired chemicals company OCH International

Acquisition Highlights
  • This is Ashland’s 5th transaction in the Chemicals sector.
  • This is Ashland’s 6th transaction in the United States.
  • This is Ashland’s 1st transaction in Oregon.

M&A Deal Summary
Date 2015-12-11
Target OCH International
Sector Chemicals
Buyer(s) Ashland
Deal Type Add-on Acquisition

Target

OCH International

Portland, Oregon, United States
OCH International, Inc. is a worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants, and automotive chemicals. which operates and franchises a total of 89 quick-lube stores in six states. OCH is the 14th largest quick-lube network in the United States, servicing approximately 1 million vehicles annually. Founded in 1978, it employs approximately 435 people and currently operates 47 company-owned stores and 42 franchise locations in Oregon (38 sites), Washington (29), California (11), Arizona (five), Idaho (three) and Colorado (three).

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Buyer(S) 1

Buyer

Ashland

Wilmington, Delaware, United States
Category Company
Founded 1924
Sector Chemicals
Employees3,800
Revenue 2.2B USD (2023)
DESCRIPTION

Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials, and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones, and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. Ashland was founded in 1924 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 6 of 7
Sector (Chemicals) 5 of 6
Type (Add-on Acquisition) 4 of 4
State (Oregon) 1 of 1
Country (United States) 6 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Ashland - Elastomers Business

Port Neches, Texas, United States

Ashland - Elastomers Business which primarily serves the North American replacement tire market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Valvoline

Lexington, Kentucky, United States

Valvoline is a worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants, and automotive chemicals. Valvoline markets Eagle One appearance products, Zerex antifreeze, SynPower performance products, Pyroil automotive chemicals and MaxLife products created for higher-mileage engines. Valvoline was founded 1866 and is based in Lexington, Kentucky.

Sell -
Mergr

Product

Company

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