Hexion Specialty Chemicals news

2 January 2022
Westlake Acquires Hexion Epoxy Business
The $1.2B acquisition adds a leading portfolio of specialty resins, coatings, and composites, enhancing capabilities in high-growth, sustainable sectors like wind energy and lightweight automotive components.
21 December 2021
Hexion Expands ECH Production in Pernis
The expansion will add 25,000 metric tons of annual ECH capacity, use biobased feedstocks, and reduce energy intensity. Completion is expected by late 2024.
30 April 2021
Hexion Sells Phenolic Resins and Hexamine Businesses; Bakelite Brand Returns to Europe
The $425M sale includes 11 global sites and 900 employees. Bakelite Synthetics focuses on sustainable products, enhancing fire resistance, electric vehicles, and plant production.
28 September 2020
Investindustrial and Black Diamond Acquire Hexion PSR
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.
20 March 2016
Synthomer Acquires Hexion Performance Adhesives & Coatings
The $226M acquisition, funded by cash and credit, enhances Synthomer's market position, adding 750 employees, 7 sites, and $370M in sales. Expected synergies are $12M by 2018 with $21M in costs.
2 March 2009
Hexion to Build New Epoxy Facility in Esslingen for Wind Energy Market
The new 10,000 sqm facility will replace a smaller Stuttgart site, transferring 50 employees. It will produce epoxy resins for wind turbine blades, with potential for job growth and infrastructure improvements.

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