ISP Elastomers back in the black in 2004

Wayne, New Jersey–International Specialty Holdings Inc.’s synthetic elastomers business–the former Ameripol Synpol Corp.–was $7.4 million in the black on an operating basis last year, reversing a loss from fiscal 2003.

Sales for the unit hit $170.1 million, up significantly over the production-curtailed year 2003, when ISP bought certain rubber assets of Ameripol Synpol during the firm’s Chapter 11 bankruptcy protection process. Ameripol Synpol generated sales of $110 million and $187 million in 2002 and 2001, its last two full years of business.

ISP Elastomers’ improved operations helped…

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