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International Specialty Products Acquires The Business of Progiven S.A.S

Published on 2006-01-23. Author : SpecialChem

WAYNE, NJ -- International Specialty Products Inc. ("ISP") announced that, through one of its subsidiaries, it has acquired the business of French biocides manufacturer, Progiven S.A.S. ("Progiven").

Established in 1946, Progiven is today recognized as a leading formulator of biocides for a diverse range of industrial applications including paints and coatings, glues and adhesives, metalworking fluids, building industry materials, textile and leather auxiliaries, detergents and water treatment additives. Progiven has built a strong market position through the combination of its unique technical expertise and customer service orientation and today serves over 700 customers in more than 50 countries.

Sunil Kumar, ISP's President and Chief Executive Officer, commenting on the acquisition stated, "Progiven is a strategically important acquisition for ISP's global biocide business, allowing us to further increase the level of technical service and product offering in the industrial markets we serve. With its world-class technical capabilities, Progiven will accelerate the growth of ISP's industrial biocide franchise in Europe and around the world. We welcome the employees of Progiven into the ISP family."

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.

Source: International Specialty Products Inc. (ISP)


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