Bakelite Synthetics is a global producer of phenolic specialty resins, formaldehyde and derivatives, hexamine, and engineered thermoset molding compounds. Its materials are used as binders and components in engineered wood and panels, insulation and mineral wool, foundry applications, friction materials, coatings, laminates, and molded parts for transportation and industrial uses.
Headquartered in Louisville, Kentucky, the company operates manufacturing and technical centers across North America and Europe. Its portfolio builds on the Bakelite brand’s long heritage in phenolic chemistry, providing resins and compounds for performance-critical applications in construction, automotive, electronics, and other industrial markets.
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The $425M sale includes 11 global sites and 900 employees. Bakelite Synthetics focuses on sustainable products, enhancing fire resistance, electric vehicles, and plant production.
The $425M deal includes $335M in cash. Hexion PSR, a top phenolic resins producer in Europe, operates 11 facilities. The transaction is set to close in Q1 2021.
