Breaking News

Hercules Sells Minority Share to J.M. Huber

November 15, 2005

Hercules Inc. will sell its minority position in CP Kelco to J.M. Huber Corp. The transaction is subject to regulatory approval and is expected to close during the first quarter of this year.
“In terms of our day-to-day operations, this announcement and resulting sale of Hercules’ minority share position will have virtually no impact on us and will be completely transparent to our customers, suppliers and employees,” commented Robert Toth, president and chief executive officer, CP Kelco. “It is a financial transaction between Hercules and Huber which we believe is a direct result of continued improved performance that makes CP Kelco an attractive investment.”
Formed in 2000 by the Copenhagen Pectin/Food Gums division of Hercules Inc. and the Kelco Biopolymers business of Monsanto Co., CP Kelco’s principal shareholders are currently Lehman Brothers Merchant Banking Partners II LP and Hercules Inc. Lehman Brothers will remain the primary and controlling shareholder when the transaction is approved, executives said.
blog comments powered by Disqus
  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Let the Magic Begin!

    Let the Magic Begin!

    Tom Branna, Editorial Director||October 10, 2016
    IFSCC Congress gets underway at Walt Disney World this month.

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market