Hercules completes sale of Fibervisions
Advertisement
Hercules Incorporated announced the completed sale of its 51% interest in FiberVisions, L.L.C., ("FiberVisions"), a wholly-owned subsidiary of the Company, to Snow, Phipps & Guggenheim, L. P., an affiliate of SPG Partners, LLC ("SPG"), a New York-based private equity firm.
Hercules has received initial proceeds of $109 million which will be used to purchase its 11.125% Senior Notes.
FiberVisions is a global producer of specialty fibers for nonwoven fabrics and textile fibers used in consumer and industrial products. It also is the global leader in the marketing of bicomponent specialty fibers through ES FiberVisions, a joint venture with Chisso Corporation.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents
Archroma extends tetrasulfonated optical brightening agents capacity in Europe - Additional capacity expected to come on stream by mid-May 2017
£3M generates new sustainable energy research at Queen’s
The longest carbon nanotubes you've ever seen - Crafted with breakthrough manufacturing technique, centimeter-long fibers are visible to the naked eye
Gold nanoantennas help in creation of more powerful nanoelectronics
Polyplastics Completes Acquisition of German Monomer Supplier for LCP
Gold membrane coaxes secrets out of surfaces - Thousand-fold signal amplification
Electrochemical Process Enables Recovery of Valuable Raw Materials
Dow and PIC of Kuwait Continue Progress on Proposed $11B Joint Venture
Kraton Polymers Announces Asia Pacific SBS Price Increase
NOVA Innovene announces March price increase for PS products