Ashland to acquire the personal care business of EQT-backed Schülke & Mayr for €262m.

Ashland, a global specialty materials company, agreed to acquire the personal care business of EQT-backed Schülke & Mayr, an infection prevention and hygiene provider, for €262m ($297m). "This is an excellent example of the type of bolt-on acquisition opportunities that will help advance our strategy and support the profitable growth of our core businesses. I am excited about having the Schülke & Mayr personal care employees join Ashland to help us broaden our breadth of specialty additives solutions and expand our biotechnology and microbiology technical capabilities," Guillermo Novo, Ashland Chairman and CEO.