Ashland Inc. (Ashland) is a global specialty chemical company that provides products, services and solutions throughout a variety of industries. Ashland's business operates in four segments: Ashland Specialty Ingredients; Ashland Water Technologies; Ashland Performance Materials and Ashland Consumer Markets. On March 31, 2011, Ashland completed the sale of substantially all of the assets of its global distribution business to Nexeo Solutions, LLC. On August 23, 2011, Ashland completed the acquisition of International Specialty Products Inc. (ISP). In January 2012, Celanese Corporation acquired certain assets from Ashland, which include two product lines, Vinac and Flexbond. In October 2012, the Company had set up a specialties technical research and development centre in Mumbai to support producers of personal and home care products in India and southeast Asia. In April 2013, JANA Partners LLC acquired a 7.361% stake in Ashland Inc.