Ashland Signs Definitive Deal To Sell Nutraceuticals Business To Turnspire Capital Partners; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ashland has agreed to sell its nutraceuticals business to Turnspire Capital Partners, with the deal expected to close in Q3 2024. The business, which provides ingredients and manufacturing for nutritional products, operates from facilities in the US and Mexico.

May 07, 2024 | 11:00 am
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Ashland's sale of its nutraceuticals business to Turnspire Capital Partners is expected to close in Q3 2024, indicating a strategic divestiture.
The sale of Ashland's nutraceuticals business could be seen as a positive move, potentially streamlining operations and focusing on core areas. The lack of disclosed terms makes it difficult to assess the financial impact, but divestitures often lead to a reevaluation of company assets and priorities, which can be viewed favorably by investors. The strategic divestiture might also provide Ashland with additional capital for reinvestment or debt reduction.
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