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HERCULES TO SELL INTEREST IN JOINT VENTURE

 HERCULES TO SELL INTEREST IN JOINT VENTURE
 WILMINGTON, Del., July 30 /PRNewswire/ -- Hercules Incorporated


(NYSE: HPC) and Dainippon Ink and Chemicals, Incorporated (DIC), of Japan, today jointly announced the signing of a Memorandum of Understanding that DIC will purchase Hercules' 50-percent interest in their joint venture, DIC-Hercules Chemicals, Inc. (DHC).
 Terms of the sale were not disclosed.
 DHC is headquartered in Tokyo. It was formed between the two principals in 1968 to manufacture papermaking chemicals.
 According to Thomas L. Gossage, chairman, president and chief executive officer of Hercules, "DHC has met the goals the partners set for it over the years, and we have had a good relationship. However, we have now determined that both companies' interests, as well as the interests of the DHC employees' can now best be served by Dainippon Ink and Chemicals taking full ownership and responsibility for the future direction of the enterprise."
 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.
 Dainippon Ink and Chemicals, Incorporated, headquartered in Tokyo, is a worldwide producer of printing inks, and synthetic and other chemicals. The company has sales of approximately $6.8 billion annually.
 /delval/
 -0- 7/30/92
 /CONTACT: Robert B. Hessler of Hercules, 302-594-6920/
 (HPC) CO: Hercules Incorporated; Daninippon Ink and Chemicals, Incorporated;
 DIC-Hercules Chemicals, Inc. ST: Delaware IN: CHM SU:


MP-MK -- PH002 -- 4903 07/30/92 08:10 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
Words:256
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