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Hercules Buying Specialty Chemicals Maker

Paint thickener and paper chemicals maker said it has acquired Brazil's Logos QuĂ­mica Ltd. for an undisclosed sum.

WILMINGTON, Del. (AP) -- Paint thickener and paper chemicals maker Hercules Inc. said Tuesday it has acquired Brazilian specialty chemicals company Logos QuĂ­mica Ltd. for an undisclosed sum.

Other terms of the deal were not disclosed.

Logos QuĂ­mica has about 100 employees and posted $17 million in sales last year. Hercules has about 4,660 employees and had 2007 sales of $2.14 billion.

Shares of Hercules fell $1.13, or 4 percent, to $26.89 after the opening bell.

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