Hercules, Incorporated price-fixing case records
Creation: 1984-1989Abstract
Hercules Inc. was a manufacturer of chemicals and munitions based in Wilmington, Delaware. On April 23, 1986, the Commision of the European Economic Community ruled that several firms, including S.A. Hercules Chemicals N.V., the Belgian subsidiary of Hercules Incorporated, had violated Article 85(1) of the Treaty of Rome by enganging in price-fixing arrangements for the sale and marketing of polypropylene between 1977 and 1983. This collection consists of two volumes related to the company's appeal.
Dates
- Creation: 1984-1989
Creator
- Hercules Incorporated (Organization)
Extent
2 volume(s)
Physical Description
Removed from binders for preservation purposes. Binders have not been retained.
Historical Note
Hercules Inc. was a manufacturer of chemicals and munitions based in Wilmington, Delaware. The company was established in 1912 by T.W. Bacchus (1862-1944) as the Hercules Powder Company. The Hercules Powder Company was one of the companies created from the break-up of the E.I. du Pont de Nemours "powder trust" in 1911 as ruled by a U.S. Supreme Court decision. In its early years as a separate company, it continued to produce explosives and dynamite. Hercules gradually evolved into a diversified chemical company and was renamed Hercules Incorporated on April 29, 1966.
Scope and Contents
On April 23, 1986, the Commision of the European Economic Community ruled that several firms, including S.A. Hercules Chemicals N.V., the Belgian subsidiary of Hercules Incorporated, had violated Article 85(1) of the Treaty of Rome by enganging in price-fixing arrangements for the sale and marketing of polypropylene between 1977 and 1983. Hercules then appealed its $2.7 million fine to the EEC Court of Justice as unwarranted and excessive, but later abandoned the appeal and exited the polypropylene business. The volumes contain the original application and exhibits for the company's appeal.
Access Restrictions
This collection is open for research.
Language of Materials
English
Italian
Finding Aid & Administrative Information
- Title:
- Hercules, Incorporated price-fixing case records
- Description rules:
- Describing Archives: A Content Standard
- Language of description:
- English
- Script of description:
- Latin
Revision Statements
- 2020: Laurie Sather
Repository Details
Repository Details
Part of the Manuscripts and Archives Repository
