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Subsequent Events
9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events

NOTE 17 – SUBSEQUENT EVENTS

On November 4, 2013, the Company acquired 100% of the voting equity interests in Bachman Services Inc., Specialty Intermediates Inc., Bachman Production Specialties Inc. and Bachman Drilling & Production Specialties Inc. (the “Bachman Group Companies”). The Bachman Group Companies provide chemicals and services to the oil and gas industry and are based in Oklahoma City, Oklahoma. We purchased the Bachman Group Companies for a cash consideration of $45 million and by the issuance of 319,953 shares of unregistered Innospec Inc. common stock to the previous owners with a fair value of approximately $15 million, based on the Innospec share price on the closing date. We acquired the businesses in order to move us towards critical mass, and bring both good technology and market positioning in the oilfield specialties sector which forms part of our Fuel Specialties segment. The Bachman Group Companies has annual sales of approximately $80 million. At the time of filing our September 30, 2013 Form 10-Q we are unable to provide supplemental pro forma information or include disclosures regarding the acquisition–date fair values of the acquired assets and liabilities as we have not completed our valuation analysis. We intend to perform a valuation of the assets acquired and liabilities assumed for our 2013 Form 10-K, and so determine the intangibles assets and related amortization to be included in the pro forma information.