Barentz and Ashland announce expansion of partnership in the USA

AVON, OH, [September 30, 2024]. Barentz, a leading global specialty ingredients solution provider, is excited to announce the expansion of its partnership with Ashland Inc., a global additives and specialty ingredients company. This extended collaboration strengthens the two companies' relationship and enables Barentz to provide top quality cellulosic and acetylenic polymers to the pharmaceutical manufacturing and drug development market.

In January Barentz began this partnership providing the Ashland vialose™ trehalose dihydrate to the USA biopharmaceutical market. Under this new agreement, Barentz now provides a comprehensive portfolio of the Ashland excipients including benecel™ hypromellose (HPMC) and methylcellulose (MC), klucel™ hydroxypropyl cellulose (HPC), plasdone™ povidones (PVP), polyplasdone™ crospovidone, and aquarius™ film coating systems, among others.

"Barentz is committed to creating an ecosystem to deliver world class specialty ingredients and custom solutions to our customers,"stated Divya Tewari, President of the pharmaceutical division at Barentz. "This expansion helps our customers to gain access to Ashland's specialty ingredients portfolio and innovative solutions that are on the horizon."

"This strategic collaboration will enable both companies to help customers rapidly solve formulation problems and receive the proper products quickly," shared Bill Wagner, General Manager of the North American division of Ashland's Life Science business. "Ashland is confident that Barentz' exceptional customer service, regulatory support and technical sales team will bring differentiated value-added solutions to their customers."

ABOUT ASHLAND

Ashland Inc. (NYSE: ASH) is a global additives and specialty ingredients company with a conscious and proactive mindset for environment, social and governance (ESG). The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical. Approximately 3,800 passionate, tenacious solvers - from renowned scientists and research chemists to talented engineers and plant operators - thrive on developing practical, innovative, and elegant solutions to complex problems for customers in more than 100 countries. Visit ashland.com to learn more.

ABOUT BARENTZ

Barentz is a leading global specialty ingredients solution provider. The company sources branded specialty ingredients from leading manufacturers worldwide and its ingredient experts provide value-added technical support which includes pre-mixing, blending, ingredient formulation and ingredient testing from its state-of-the-art, customized formulation centers and application laboratories in EMEA, Americas and Asia-Pacific.

Established in 1953, Barentz has operations in more than 70 countries with a strong presence in Europe and North America, and a rapidly growing network in Latin America and Asia-Pacific. With a turnover of circa €2.4 billion, the company employs around 2,700 people worldwide and serves over 27,000 customers. For more information, visit: www.barentz.com.

™Trademark, Ashland or its subsidiaries, registered in various countries.

For more information please contact:

Jami Knoth

Marketing Manager, North America

jami.knoth@barentz.com

+1 440 937 1000

Bobby Shrieves, MBA

Regional Marketing Manager - Pharmaceuticals, North America

bobby.shrieves@ashland.com

+1 302 995 4963