M&A Deal Summary

Ashland Acquires International Specialty Products

On August 23, 2011, Ashland acquired chemicals company International Specialty Products for 3.2B USD

Acquisition Highlights
  • This is Ashland’s 4th transaction in the Chemicals sector.
  • This is Ashland’s 2nd largest (disclosed) transaction.
  • This is Ashland’s 5th transaction in the United States.
  • This is Ashland’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2011-08-23
Target International Specialty Products
Sector Chemicals
Buyer(s) Ashland
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Moelis & Co. (Financial)
Sullivan & Cromwell (Legal)

Target

International Specialty Products

Wayne, New Jersey, United States
International Specialty Products Inc. (ISP) is a global supplier of specialty chemicals and performance-enhancing products for a wide variety of consumer and industrial markets including personal care, pharmaceuticals, beverage, home care, coatings & adhesives, energy, agriculture, plastics, tires and others. Through its network of manufacturing sites, ISP produces more than 500 specialty chemicals, which it markets and sells worldwide. ISP has more that 275 scientists worldwide including global research centers in Wayne, New Jersey; Sofia Antipolis, France; Bradford, UK; Hyderabad, India and Shanghai, China.

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Buyer(S) 1

Buyer

Ashland

Wilmington, Delaware, United States
Category Company
Founded 1924
Sector Chemicals
Employees3,800
Revenue 2.2B USD (2023)
DESCRIPTION

Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials, and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones, and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. Ashland was founded in 1924 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 5 of 7
Sector (Chemicals) 4 of 6
Type (Add-on Acquisition) 3 of 4
State (New Jersey) 1 of 1
Country (United States) 5 of 6
Year (2011) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 Nexeo Solutions

The Woodlands, Texas, United States

Nexeo Solutions LLC is a chemical, plastics and composites distributor with a centralized business model. Operating in over 70 countries worldwide, Nexeo offers over 27,000 products used in a broad cross section of industries, including construction, chemicals manufacturing, energy, paints and coatings, automotive, healthcare, marine, and personal care.

Sell $979M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 Ashland - Vinac & Flexbond Buisness

United States

Ashland - Vinac & Flexbond branded products are used to make a variety of adhesives for use in woodworking and paper packaging and converting applications and Flexbond whose branded products are used to make interior and exterior architectural paints.

Sell -
Mergr

Product

Company

Legal