International Specialty Products Acquires the Business of Hallcrest Limited

International Specialty Products Acquires the Business of
Hallcrest Limited 


WAYNE, N.J., March 31  /PRNewswire/ -- International Specialty Products Inc.
("ISP"), announced that, through its subsidiaries, it has acquired the business
and assets of Hallcrest Limited and its US affiliate ("Hallcrest"). 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.

Sunil Kumar, ISP President and Chief Executive Officer, commenting on the
acquisition of Hallcrest stated, "ISP is pleased to expand its high-quality
portfolio of ingredients with 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."

International Specialty ProductsInc. (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:  Patrick Bowers, Director, Corporate Development of

International Specialty Products Inc., [phone]



Web site:  http://www.ispcorp.com/ 

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