Hercules sells peroxy chemicals business to GEO

Hercules Incorporated announced today that it has completed the sale of its peroxy chemicals business to GEO Specialty Chemicals, Inc. Terms of this transaction were not disclosed.

The peroxy chemicals business was part of Hercules' Resins division, with operations in Gibbstown, New Jersey and Franklin, Virginia. As part of the transaction, Hercules will also toll produce certain peroxy products at its Brunswick, Georgia and Beringen, Belgium facilities.

Additionally, on May 25, 2001, Hercules closed the sale of its 50% interest in Hercules-Sanyo, Incorporated to SANAM Corporation, a wholly-owned U.S. subsidiary of Sanyo Chemical Industries, Ltd. Hercules-Sanyo is engaged in the toner resins business.

Hercules was assisted in this transaction by Deutsche Banc Alex. Brown. Earlier this year, Hercules sold the majority of its Resins division, including its hydrocarbon resins operation and portions of its rosin resins business, to Eastman Chemical Company.

Hercules manufactures and markets chemical specialties globally for making a variety of products for home, office and industrial markets. For more information, visit the Hercules website at www.herc.com.

GEO Specialty Chemicals, Inc., is a global manufacturer of specialty chemicals serving the water treatment, paper, coating, construction, optoelectronics, and compound semiconductor industries. GEO has fifteen plants in the USA, and two plants in Europe.

Sanyo Chemical is a leading manufacturer of toner resins for copier and laser printers.

This news release includes forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, reflecting management's current analysis and expectations, based on reasonable assumptions. Results could differ materially depending on such factors as business climate, economic and competitive uncertainties, failure to complete transactions, adverse legal and regulatory developments, and adverse changes in economic and political climates around the world. As appropriate, additional factors are contained in reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. This paragraph is included to provide safe harbor for forward-looking statements, which are not required to be publicly revised as circumstances change.

Source: Hercules Incorporated

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