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International Specialty Products acquires the Biocides Business of Bode Chemie

Published on 2007-07-06. Author : SpecialChem

International Specialty Products Inc. ("ISP") announced that, through one of its subsidiaries, it has acquired the biocides business of Bode Chemie, which is based in Hamburg, Germany.

Established in 1924, Bode Chemie is recognized as a world leader in hygiene and preservation solutions. In the transaction, ISP acquired Bode's range of industrial biocide products for the metalworking fluids, paints and coatings and building and construction markets. Bode Chemie will continue its hygiene and disinfectants business.

The acquisition of Bode's biocides business further enhances ISP's existing biocides portfolio and follows the successful acquisitions of Progiven S.A.S. and the biocides assets of Milker & Grüning Gmbh during 2006 and Biochema in 2004. In addition, ISP continues to make investments to support its key products for the purposes of complying with the European Biocidal Products Directive.

Commenting on the acquisition, Philip Strenger, ISP's Senior Vice President - EMEA stated, "The acquisition is a very good addition to ISP's expanding Biocides business, both in terms of geographic fit and markets served. With Bode Chemie's commitment to work closely with ISP, we are confident the business will enjoy a very smooth transition." Pieter Steenbeek, Business Director for Biocides - EMEA added: "The acquisition enables us to further expand the solutions and the service we can provide to our customers. The high quality of Bode's products, together with the people joining us, will prove to be great assets for ISP globally."

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 based on our current expectations and assumptions, which are subject to a number of risks and uncertainties that could cause the actual results to differ materially from those anticipated, projected or implied. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Source: International Specialty Products Inc. (ISP)


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