Ashland to sell marine services unit

Ashland to sell marine services unit    Ashland Inc. said it has agreed to sell its global marine services business, known for many years as Drew Marine, to J. F. Lehman & Co. in a transaction valued at about $120 million before tax.
   Drew is a leading supplier of specialty chemicals and services to the maritime industry, and has revenues of about $140 million a year, with about 325 employees, 28 offices and 98 stocking locations in 47 countries. It provides products and services include chemicals and testing equipment; water treatment, tank cleaners and corrosion inhibitors; sealing and welding products; refrigerants and refrigeration services; engineered systems and products; fuel management programs; and fire safety and rescue products and services.