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HERCULES INC. COMPLETES SALE OF DIC-HERCULES CHEMICALS, INC. TO DAINIPPON INK

 HERCULES INC. COMPLETES SALE OF
 DIC-HERCULES CHEMICALS, INC. TO DAINIPPON INK
 WILMINGTON, Del., Sept. 14 /PRNewswire/ -- Hercules Incorporated (NYSE: HPC) today announced that it has completed the sale of its 50 percent ownership of DIC-Hercules Chemicals, Inc. (DHC), to its partner in that joint venture, Dainippon Ink and Chemicals, Incorporated.
 In July, Hercules and Dainippon Ink announced that the two companies had entered into a Memorandum of Understanding under which Dainippon Ink would acquire Hercules' interest in DHC. Headquartered in Tokyo, DHC was formed between the two principals in 1968 to manufacture papermaking chemicals.
 Hercules will receive approximately $60 million cash net of taxes from the transaction. However, the company said that the impact on net income will be substantially offset by costs for specific increases in environmental remediation, current litigation, and further rationalization and restructuring related primarily to international operations.
 Hercules Incorporated is a diversified, worldwide producer of chemicals and related products and solid fuel systems. With annual sales of about $3 billion, the company has approximately 80 production facilities throughout the world, including 30 plants in the United States.
 /delval/
 -0- 9/14/92
 /CONTACT: Robert B. Hessler of Hercules, 302-594-6920/
 (HPC) CO: Hercules Incorporated; DIC-Hercules Chemicals, Inc.; Dainippon Ink
 and Chemicals, Incorporated ST: Delaware IN: ARO SU: RCN


MJ-CC -- PH028 -- 9271 09/14/92 16:00 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
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