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WILMINGTON, DE, MARCH 31, 2006 . . . Hercules
Incorporated (NYSE: HPC) today 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.
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About FiberVisions
FiberVisions is the leading 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.
About Hercules Incorporated
Hercules manufactures and markets chemical specialties
globally for making a variety of products for home, office
and industrial markets. For more information, visit the
Hercules website at www.herc.com.
About SPG Partners, LLC
SPG is a New York-based private equity firm seeking to
acquire businesses in attractive industries where it can
leverage the expertise of its exclusive Operating Partners,
who are seasoned industry executives.
This news release includes forward-looking statements,
as defined in the Private Securities Litigation Reform Act
of 1995, reflecting management's current analysis and
expectations, based on what management believes to be
reasonable assumptions. Forward-looking statements may
involve known and unknown risks, uncertainties and other
factors, which may cause the actual results to differ
materially from those projected, stated or implied,
depending on such factors as: ability to generate cash,
ability to raise capital, ability to refinance, ability to
execute productivity improvements and reduce costs, ability
to execute and integrate acquisitions, ability to execute
divestitures, business climate, business performance,
economic and competitive uncertainties, higher manufacturing
costs, reduced level of customer orders, changes in
strategies, risks in developing new products and
technologies, foreign exchange rates, adverse legal and
regulatory developments. Accordingly, there can be no
assurance that the Company will meet future results,
performance or achievements expressed or implied by such
forward-looking statements. As appropriate, additional
factors are contained in other reports filed by the Company
with the Securities and Exchange Commission. This paragraph
is included to provide safe harbor for forward-looking
statements, which are not generally required to be publicly
revised as circumstances change, and which the Company does
not intend to update.
Hercules:
Media Contact: John S. Riley (302) 594-6025
Investor Contact: Stuart L. Fornoff (302) 594-7151
SPG Partners, LLC:
Steven Bruce / Sam Hollander / Ann Taylor Reed
Abernathy MacGregor Group
(212) 371-5999
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