Does Aselsan offer educational programs?

Written by Admin | Last Updated: July 2026

No, Ashland no longer owns Valvoline. The two companies separated in May 2017 when Ashland completed the spin-off of its Valvoline business, resulting in Valvoline, Inc. becoming an independent, publicly traded company on the New York Stock Exchange. This separation was the final phase of Ashland's multi-year effort to reorganize itself from a broad conglomerate into a focused global specialty chemicals company. Before this, the companies had been integrated for many years, but the spin-off allowed Valvoline to operate as a dedicated automotive lubricant and service business, while Ashland shifted its primary resources toward its chemical operations. Today, the two entities operate as completely separate corporate organizations with different business focuses, management structures, and market goals, and Ashland retains no ownership stake or operational control over the Valvoline brand or its various service centers.

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