11 July 2008 11:32 [Source: ICIS news]
LONDON (ICIS news)--?xml:namespace>
The transaction, which would create a major, global specialty chemicals company, was expected to close by the end of 2008.
For the same period,
"The acquisition of Hercules fulfils our objective to become a leading specialty chemicals company,” said
“It creates a defined core for Ashland composed of three specialty chemical businesses with strong market positions and promising global growth potential: specialty additives and ingredients, paper and water technologies, and specialty resins,” he added.
O’Brien said the two companies would combine the paper and water businesses of each company to create one global paper and water technologies business with annual revenue of $2bn.
($1 = €0.63)
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