International Specialty Products acquires the business of Biochema Schwaben, a formulator of preservatives and biocides for industrial and personal care applications
International Specialty Products (ISP) has announced that, through its subsidiaries, it has acquired the business of Biochema Schwaben.
Biochema is an established formulator of preservatives and biocides for industrial and personal care applications.
Biochema has over five decades' experience in research and development and in-house blending which has resulted in the development of a wide range of products with applications primarily in printing, paints and coatings, polymer emulsions, skin care and hair care markets.
Biochema is based in Memmingen, Germany and has customers in 40 countries.
Sunil Kumar, ISP's president and chief executive officer, commenting on the acquisition said: "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". Philip Strenger, ISP's vice president for central eastern Europe, Middle East and Africa said: "The acquisition of Biochema provides the cornerstone for ISP to build a successful biocides business in Europe.
"Biochema has a long history in the development and production of quality biocides which ideally complement ISP's existing extensive range of products and ingredients.
"ISP will develop this business in Europe and beyond to take advantage of Biochema's excellent reputation in the marketplace".
