Company Overview Visit ashland.com website
Ashland is an international company that manufactures goods for personal care, food & nutrition, home care, and industrial applications. Some of the main products include various additives to enhance flavor like citric acid and neutralizing agents like sodium bicarbonate. The company also uses salt to produce deicing chemicals used by municipalities in order to melt away snow and ice during winter months. NutraSweet Company (with whom Ashland merged with) started production on aspartame-based sweeteners in 1983.
Ashland holds over 20,000 patents worldwide due to its high R&D investments that bulk up its portfolio of intellectual property assets. The company has acquired many smaller companies throughout the years which includes well known brands such as Old World Spices , Sir Kensington’s , and Koster Keunen.
As the company has grown in diverse directions, it has also become more complex in terms of organizational structure. Ashland operates through 3 divisions: Personal Care segment (personal care products), Food & Nutrition segment (OEM food ingredients for producers like Kraft Foods ), Industrial Segment (used to be called Performance Chemicals before 2015). It is currently ranked #347 on the Fortune 500 list which is issued annually by Forbes Magazine. The current President and CEO is James M. Ringler who took over after leading the Sir Kensington subsidiary he founded that was later acquired by Ashland.