Ashland Inc. Agrees to Buy Hercules in $3.3B Deal
Global chemical company Ashland Inc. has agreed to acquire Hercules Inc., Wilmington, DE, in a deal valued at $3.3 billion. The transaction, which would create a major, global specialty chemicals company, is expected to close by the end of 2008.
With sales in more than 100 countries, Ashland is a manufacturer of specialty chemicals, a distributor of chemicals and plastics, and a provider of automotive lubricants, car-care products and quick-lube services.
Hercules is a supplier in specialty additives and ingredients that modify the physical properties of water-based systems and is a supplier of specialty chemicals to the pulp and paper industry.
Upon the transaction's close, Ashland will have pro forma combined revenue for the 12 months ended March ...
Ashland Inc. Agrees to Buy Hercules in $3.3B Deal Read More »
