Ashland completes sale of land located in Ajax, Canada to Sunray Group of Hotels Inc, for CAD $12.25 million
August 08 2022 - 10:00PM
Ashland, Inc. (NYSE: ASH) today announced it has completed the sale
of approximately six acres of land located in Ajax, Canada to
Sunray Group of Hotels Inc., a leading real estate developer with a
significant portfolio across Canada, in a transaction of (CAD)
$12.25 million, with net proceeds of (CAD) $9.2
million.
As previously communicated, Ashland is selling
unutilized land to fund the newly established environmental
trust.
“We are continuing to execute our plan to sell
valuable land that is not being utilized by the company, and we
will place the proceeds in an environmental trust,” said Guillermo
Novo, chair and chief executive officer, Ashland. “Our
environmental trust is an integral part of our core values and
strategy and a clear example of our environment, social and
governance (ESG) commitment.”
About Ashland
Ashland, Inc. (NYSE: ASH) is a global additives and specialty
ingredients company with a conscious and proactive mindset for
sustainability. The company serves customers in a wide range of
consumer and industrial markets, including architectural coatings,
automotive, construction, energy, food and beverage,
nutraceuticals, personal care and pharmaceutical. Approximately
3,800 passionate, tenacious solvers – from renowned scientists and
research chemists to talented engineers and plant operators –
thrive on developing practical, innovative and elegant solutions to
complex problems for customers in more than 100 countries.
Visit Ashland at ashland.com and
ashland.com/sustainability to learn more.
™ Trademark, Ashland or its subsidiaries,
registered in various countries.
FOR FURTHER INFORMATION:
Investor Relations: |
Media Relations: |
Seth A. Mrozek |
Carolmarie C. Brown |
+1 (302) 594-5010 |
+1 (302) 995-3158 |
samrozek@ashland.com |
ccbrown@ashland.com |
- Ashland completes sale of land in Canada Final 20220808
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