Ashland acquires International Specialty Products $ 3.2 billion

Ashland acquires International Specialty Products for $ 3.2 billion

12:37 PM, 17th June 2011
Ashland acquires International Specialty Products for $ 3.2 billion

COVINGTON/WAYNE, US: Ashland Inc will acquire International Speciality Products (ISP) for approximately $ 3.2 billion in an all-cash transaction. At closing, ISP’s advanced product portfolio will expand Ashland’s position in high-growth markets such as personal care, pharmaceutical and energy. The transaction is expected to close prior to the end of the September quarter.

ISP will bring high-value water soluble polymers and other advanced technologies into Ashland’s functional ingredients business, as well as complementary additives for Ashland’s food and beverage, energy, coatings, adhesives and water treatment markets. The acquisition is expected to strengthen Ashland’s functional ingredients active patent portfolio and its team of R&D scientists.

“This defining transaction enables us to significantly expand our market positions in higher margin, higher growth and less cyclical global markets like personal care and pharmaceuticals. It broadens Ashland’s presence within attractive growth areas like skin, hair and oral care, which are large and fast-growing segments of the $ 5 billion-plus personal care specialty ingredients market. In addition, we expect to more than double the size of our highest-margin functional ingredients business,” said James J O’Brien, Chairman and CEO, Ashland.

© WOC News




Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Linde achieves record levels, sets targets for further growth

  Group sales up 14.8 per cent to EUR 12.868 bn Group operating profit increases at a faster rate than sales, by 22.6 per cent to EUR 2.925 ...

Read more
Samsung awarded $ 2.76 billion project by Saudi Aramco

Samsung Engineering has officially been signed by Saudi Aramco for a $2.76 billion project. The contract awarded is for all packages in one complex, ...

Read more
Tokuyama to build second polycrystalline silicon capacity in Malaysia

TOKYO, JAPAN: Tokuyama Corporation has decided to conduct a second-phase construction project to build an additional polycrystalline silicon plant a ...

Read more
Evonik to build biodiesel plant in Argentina

Evonik intends to expand its leading position in catalysts for biodiesel production. The company plans for more than 60,000 metric tons pa additional ...

Read more
Enterprise to increase propylene fractionation capacity at Mont Belvieu

HOUSTON, US: Enterprise Products Partners L P plans to expand its polymer grade propylene (PGP) fractionation facility at the partnership’s Mont ...

Read more
Shaw acquires Coastal Planning & Engineering Inc

BATON ROUGE, US: The Shaw Group Inc said that it has acquired Coastal Planning & Engineering Inc (CPE) in an all-cash transaction valued at appr ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X