×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Hercules sells water-treatment business to GE Specialty Materials

Published on .

Most Popular
Wilmington, Del.--Hercules Inc., a manufacturer and marketer of specialty chemicals, announced Tuesday that it has agreed to sell for $1.8 billion in cash the water-treatment business of its BetzDearborn division to GE Specialty Materials, a unit of General Electric Co. The Paper Process Chemicals business, approximately one-third of the BetzDearborn operations purchased by Hercules in 1998, will remain with Hercules. The company plans to use the proceeds of the sale to pay down debt.
In this article: