Exhibit 99.1
GENERAL PRESS RELEASE
Bush Boake Allen Inc. (NYSE: BOA) announced today that it has engaged
Credit Suisse First Boston Corporation to help explore various strategic
alternatives to enhance shareholder value, including a sale or merger of the
Company. This decision was arrived at by agreement of the Company's Board of
Directors.
Bush Boake Allen Inc. (NYSE: BOA), which conducts operations on six
continents, has 60 locations in 38 countries worldwide. The company supplies
flavors and fragrances to the world's leading consumer products companies for
use in foods, beverages, soaps and detergents, cosmetics, toiletries, personal
care items and related products. Its aroma chemicals, natural extracts and
essential oils serve as raw materials for a wide range of compounded flavors and
fragrances.
Statements in this press release, which are not historical, are
forward-looking statements that are subject to risks and uncertainties which
could cause actual results to differ materially. Such risks and uncertainties
with respect to Bush Boake Allen's business include general economic conditions,
customers changing flavor and/or fragrance formulations, pricing, availability
and capacity of both materials which are purchased and products which are sold,
potential disruption to operations from Year 2000 issues, the effect of the
transition to the Euro and political and economic uncertainties, currency
fluctuations, devaluations and/or revaluations in the many countries in which
the company operates. The company assumes no duty to update any such
forward-looking information.
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