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Ashland To Buy ISP for $3.2 Billion

All cash deal broadens Ashland's presence in skin, hair and oral care.

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By: TOM BRANNA

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Ashland Inc. has agreed to acquire International Specialty Products Inc., a global specialty chemical manufacturer of functional ingredients and technologies. Under the terms of the stock purchase agreement, Ashland will pay approximately $3.2 billion for the business in an all-cash transaction. ISP, a leading global supplier of specialty chemicals and performance enhancing products for consumer and industrial markets, generated sales of approximately $1.6 billion for yard ended March 31, 2...

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