Hercules, which acquired BetzDearborn in 1998, said proceeds from the sale would be used to reduce debt.
Hercules Sells Part of BetzDearborn to GE
May 31, 2002
WILMINGTON, DE - General Electric Co.'s GE Specialty Materials completed the acquisition of the water-treatment services business of BetzDearborn from Hercules Inc. for $1.8 billion in cash. Hercules is retaining the BetzDearborn Paper Process Chemicals business, which has been integrated into the company's Pulp and Paper Division.