Hercules announced an agreement to sell its hydrocarbon-resins and certain parts of its rosins resins businesses to Eastman Chemical.
WILMINGTON, DE — Hercules Inc. announced an agreement to sell its hydrocarbon-resins and certain parts of its rosins resins businesses to Eastman Chemical Co. Terms were not disclosed.
The sale includes production facilities in Jefferson, PA, and in The Netherlands, England, and Mexico. Hercules will retain resin operations at Hattiesburg, MS, and Burlington, Ontario, and will manufacture products for Eastman at those locations. The sale does not include Hercules’ peroxy chemicals business and its rosins resins operations at Brunswick, GA. Hercules said it will seek to divest those businesses separately.