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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