International Specialty Products acquires the business of Hallcrest Limited

05-Apr-2004

International Specialty Products Inc. (ISP) has announced that, through its subsidiaries, it has acquired the business and assets of Hallcrest Limited. Hallcrest is a manufacturer and marketer of custom microencapsulation and liquid crystal technologies for the personal care, home care, oral care and food industries, with a broad customer base that includes multinational Fortune 100 companies as well as many other producers of finished products throughout the world. The Hallcrest headquarters is located in Poole, Dorset, United Kingdom.

Hallcrest has an established reputation for its expertise in microencapsulation - particularly using the complex coacervation process. This technique permits the control of a large number of process and material variables, allowing the appearance and performance of the microcapsules to be customised, significantly enhancing final product value.

Sunil Kumar, ISP President and Chief Executive Officer, commenting on the acquisition of Hallcrest said: 'ISP is pleased to expand its high-quality portfolio of ingredients through the acquisition of Hallcrest Limited. The Hallcrest products complement the ISP product line and enable us to offer more unique and exciting ingredients for our customers' finished product formulations. Hallcrest has cultivated an outstanding reputation for innovation, quality and service, and we welcome the employees of Hallcrest into the ISP family.'

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