International Specialty Products Acquires the Business of Biochema Schwaben
09 März 2004 - 11:14PM
PR Newswire (US)
International Specialty Products Acquires the Business of Biochema
Schwaben WAYNE, N.J., Mar. 9 /PRNewswire-FirstCall/ --
International Specialty Products Inc. ("ISP") today announced that,
through its subsidiaries, it has acquired the business of Biochema
Schwaben ("Biochema"). Biochema is a recognized formulator of
preservatives and biocides for industrial and personal care
applications with a reputation for customer service and new product
development. Using a combination of research and development and
in-house blending spanning more than five decades, Biochema has
developed a wide range of products with applications primarily in
printing, paints and coatings, polymer emulsions, skin care and
hair care markets. Biochema has customers in 40 countries and its
headquarters and manufacturing facility are located in Bavaria,
Germany. Sunil Kumar, ISP's President and Chief Executive Officer,
commenting on the acquisition stated, "Biochema is a strategic,
high value acquisition for ISP's biocide franchise, which helps us
expand our geographical footprint and our product range. With its
world-class technical capabilities, Biochema will accelerate the
growth of ISP's Industrial Biocide and Personal Care platforms in
Europe and around the world. We welcome the employees of Biochema
into the ISP family." For further information, please visit
http://www.ispcorp.com/. International Specialty Products Inc.
(ISP) is a leading global supplier of specialty chemicals and
performance-enhancing products for a wide variety of personal care,
pharmaceutical, food, beverage and industrial applications. ISP
produces more than 400 specialty chemicals which it markets and
sells worldwide. The company's headquarters is located in Wayne,
New Jersey, USA. This press release may contain "forward-looking
statements" within the meaning of the federal securities laws and,
as such, concerns matters that are not historical facts. These
statements are subject to risks and uncertainties that could cause
the actual results to differ materially from those expressed in
such statements. Important factors that could cause such
differences are discussed in the Company's filings with the U.S.
Securities and Exchange Commission and are incorporated herein by
reference. DATASOURCE: International Specialty Products Inc.
CONTACT: Raj Riswadkar, Director, Corporate Development of
International Specialty Products Inc., +1-973-628-3619 Web site:
http://www.ispcorp.com/
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