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Home  > Markets & companies  > Raw materials market  > Troy acquires industrial biocides business...

Monday, 16 September 2019
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Markets & companies, Raw materials market

Troy acquires industrial biocides business from Ashland

Wednesday, 3 June 2015

Troy Corporation has signed a definitive agreement to acquire the industrial biocides business from Ashland Inc.

Ashland Specialty Ingredients’ industrial biocides business includes the "Fungitrol" brand of dry-film preservatives and "Nuosept" brands. Source: arbi babakhanians/Fotolia
Ashland Specialty Ingredients’ industrial biocides business includes the "Fungitrol" brand of dry-film preservatives and "Nuosept&qu...

The transaction is expected to close within 60 days, contingent on standard closing conditions and completion of required employee information and consultation processes. Financial terms were not disclosed.

Delivering more value

Ashland Specialty Ingredients’ industrial biocides business was formerly owned and operated by ISP, Inc., and includes the "Fungitrol" brand of dry-film preservatives and "Nuosept" brands which are supplied to the paint & coatings industry, as well as allied markets. The company’s Consumer Specialties business unit, which includes preservatives for the personal care market, is not part of the agreement with Troy.

"Troy prides itself on innovation and premium service to its customers,” said W. Brian Smith, Vice President, Troy Corporation. "With the addition of Ashland’s industrial biocides business, Troy’s premier portfolio of preservatives will be enhanced, delivering even more value, performance, and sustainability to the marketplaces served.”

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