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Ashland, Flint sign product distribution agreement

March 7, 2011

Ashland’s coatings and adhesives for narrow web converters now will be available from Flint.

Coatings and adhesives from Ashland Performance Materials, a commercial unit of Ashland Inc. (NYSE: ASH), that are marketed to North American narrow web label, tag and wrapper converters, will now also be available from Flint Group. Effective March 15, Ashland and Flint will begin a distribution and co-branding effort that calls for Flint to begin marketing Ashland products under a co-branded label that will carry the Flint Group trademark or trade name.

The long-term agreement enables Flint to distribute Ashland’s full range of radiation-cure, water-based and solventless laminating adhesives and coatings in North America. Flint will also acquire the management of some Ashland customers and will provide them with dedicated sales, technical service and customer service support. Ashland will maintain its industry leadership position and continue its focus on innovation and providing next generation technology and products to customers.

“Flint Group is a world-class organization that brings a strong market presence to Ashland’s coatings and adhesive products,” says Kelly Williams, market development manager for Ashland’s Laminating Adhesives and Coatings. “Flint Group’s capabilities reach all of our key markets, and they bring top-notch commercial and technical staff with demonstrated abilities to grow business.”

Susan Kuchta, vice president of the North American Packaging and Narrow Web business for Flint Group, says, “We were chosen due to our strength and stature in the printing industry. We are proud of our broad offering and excellent customer support. This relationship adds other key products to our portfolio in order to better support package and label printers,” said Kuchta.

Flint Group manufactures a range of conventional and energy curable inks and coatings for most offset, flexographic and gravure applications; pressroom chemicals, printing blankets and sleeves for offset printing; photopolymer printing plates and sleeves, platemaking equipment and flexographic sleeve systems; and pigments and additives for use in inks and other colorant applications. Revenues for 2009 were € 2.1 billion (US $2.9 billion).

Ashland Performance Materials manufactures unsaturated polyester resins and epoxy vinyl ester resins. In addition, it provides customers with leading technologies in gelcoats, pressure-sensitive, structural and laminating adhesives and coatings.

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