Troy Corporation has completed the previously announced acquisition of the industrial biocides business from Ashland Inc. Ashland Specialty Ingredients’ industrial biocides business was formerly owned and operated by ISP, Inc. Financial terms were not disclosed.
The following brands are included in the acquisition and are now available exclusively from Troy: Fungitrol, Nuosept, Bacillat, Bakzid, Bodoxin, Cinon, Cleanguard, Ebotec, and Plastiguard. These product lines serve the paint & coatings, metalworking fluids, energy, and plastics market segments. Ashland’s Consumer Specialties business unit, which includes preservatives for the personal care market segment, is not part of the agreement with Troy.
“The expansion of Troy’s portfolio of preservatives and geographic manufacturing base strengthens the company’s position in the marketplaces served,” said W. Brian Smith, Vice President, “enabling Troy to deliver the quality, performance, value, and service customers need and expect in today’s highly competitive environment.”
