LITTLETON, Colo., Nov. 19, 2013 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced that the company is celebrating its 75 th anniversary. Formed in 1938, the company has grown into a diversified global specialty chemicals company, which is now a member of the Russell 2000. Patrick Williams, President and CEO, said, "We are immensely proud to have reached this milestone, and we are very pleased to achieve our 75 th anniversary. Innospec (as Associated Octel) was originally, and for many years, a U.K.-based one product company. Over the past 10 years, we have transformed it into a dynamic and innovative company, financially sound and with a bright future in its core markets of Fuel Specialties, Oilfield Specialties and Personal Care. He continued, "We have delivered on our promises to customers, employees and investors while transforming the company. But we are far from finished on this journey – we continue to strengthen the business through R&D and acquisition which will underpin an exciting future. We remain committed to having the best people in the business and delivering innovative products with the highest level of customer service, in a safe and compliant manner. I am delighted to lead this celebration with all our employees – from those who have been with us for 30 years or more, to those who have joined us through our more recent acquisitions. I would also like to thank our customers and suppliers, many of whom have worked with us so closely over so many years, and contributed to our success." M. C. "Bud" Blackmore, Chairman, added, "Innospec has come far in 75 years, and I have been privileged to be part of its more recent success. I take great pride in the strong company we have today, and it is an important moment to recognize all of those who have helped us make these huge strides. Our challenge today is to continue to respond to market uncertainty, so that we develop a sustainable business, operating for many years to come."