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Hercules Sells Minority Share to J.M. Huber

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By: TOM BRANNA

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Hercules Inc. will sell its minority position in CP Kelco to J.M. Huber Corp. The transaction is subject to regulatory approval and is expected to close during the first quarter of this year. “In terms of our day-to-day operations, this announcement and resulting sale of Hercules’ minority share position will have virtually no impact on us and will be completely transparent to our customers, suppliers and employees,” commented Robert Toth, president and chief executive officer, CP Kelco. “It is...

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