Ashland Inc. on Tuesday announced that its headquarters are moving from Kentucky, where it has for nearly a century been a major corporate presence.
Ashland, once an oil company and now a specialty chemicals company with operations in more than 100 countries, said in a statement that it plans to move its headquarters office from Covington to Wilmington, Delaware within the next 17 months. Ashland’s office in Lexington will be closed.
Ashland was founded in 1924 in Catlettsburg as the Ashland Oil Refining Co. by Paul G. Blazer. Ashland split from the automotive lubricants business Valvoline in 2015. For more on this story, please go to the Lexington Herald-Leader’s website, Kentucky.com.