Ashland Announce Organisation after Hercules Acquisition

After the USD 3.3 bn acquisition of Hercules, completed on the 11th July, 2008, Ashland has announced the new consolidated company will be organised into 5 divisions.  

So where does that leave the paper chemicals activities of Hercules?  On the face of it, not much change.  Paul C Raymond, Hercules' current boss will head up the Ashland Hercules Water Technologies Division.  The other division are, Ashland Aqualon Functional Ingredients, Ashland Performance Materials, Ashland Consumer Markets and Ashland Distribution - this is now a company with USD10.7 bn sales for the 12 months ended September 30.