Hercules' earnings fall 13.4%

Article Abstract:

Hercules Inc. of Wilmington, DE, a specialty chemicals manufacturing company, has announced a 13.4% decline in earnings to $71 million, or 74 cents a share, in the third quarter of 1998 compared with $82 million, or 81 cents a share, in the same period in 1997. Hercules attributed the drop in earnings to the financial crisis in Asia. The company's overall sales for the period ended Sep. 30, 1998, went up to $510 million from $448 million in the same period of 1997. Hercules reported that $81 million in sales have been generated by the three businesses the company acquired in 1998 which consist of the remaining stake of FiberVisions, the paper chemicals business of Houghton International Inc. and the pectin business of Citrus Colloids.

Comment:

Announces a 13.4% decline in earnings to $71 mil in the 3rd quarter of 1998 from $81 mil in the same period in 1997

Sales, profits & dividends, Hercules Inc.

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DuPont aims for No. 1 in automotive paints

Article Abstract:

DuPont Co. of Wilmington, DE, has announced a deal to acquire the largest European automotive paint manufacturer Herberts of Germany from Hoechst AG for $1.89 billion. The purchase of Herberts will provide DuPont's expanded automotive division a total of 14,000 employees and a combined sales of more than $3.7 billion. The automotive division of DuPont consists of six plants in North America, three in Europe plus joint ventures in South America, Asia and the Pacific Rim. Herberts has 30 factories in Europe, three facilities each in North America and Asia, one in South America as well as joint interests in the Pacific Rim and Asia.

Comment:

Announces a deal to acquire the largest European automotive paint manufacturer Herberts of Germany from Hoechst AG for $1.89 bil

Germany, Paints & Allied Products, Paint and Coating Manufacturing, Coatings, Paints, E.I. du Pont de Nemours and Co., Herberts GmbH, Hoechst AG

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Fla. firm buys out Hardcore

Article Abstract:

Hardcore Composites Inc., the New Castle, DE-based private manufacturing firm, was acquired by Jacksonville, FL-based Harris Specialty Chemicals, maker of chemicals for the highway construction industry. However, terms of the deal were not revealed. Hardcore will add around 200 jobs in Delaware with the deal, that is not expected to block the company's plan to lead the takeover of the St. Georges Bridge in Delaware. Hardcore will also continue to operate in Delaware under the same name, but it will be managed as a division of Harris Specialty.

Comment:

Acquires Hardcore Composites Inc, but terms were not revealed

Florida, All Other Miscellaneous Chemical Product and Preparation Manufacturing, Chemical Products NEC, Construction & Related Equip, Agriculture, Construction, and Mining Machinery Manufacturing, Chemical industry, Hardcore Composites Inc., Harris Specialty Chemicals Inc.

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