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Hexion updates timing for sale of phenolic specialty resins, hexamine and European-based forest products resins businesses

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Hexion updates timing for sale of phenolic specialty resins, hexamine and European-based forest products resins businesses

April 03, 2021 - 16:23
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COLUMBUS, OH, March 31, 2021 (Business Wire) -Hexion Inc. today announced that it is working to complete a limited number of the necessary government approvals and other customary closing conditions to complete the sale of its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses. As a result, the Company now expects the transaction to close on April 30, 2021.

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc. and its products is available at www.hexion.com.

About Black Diamond

Founded in 1995, Black Diamond is a leading investment firm with over $8 billion assets under management across complementary private equity and credit platforms operating from offices in Greenwich, CT and London, UK.

About Investindustrial

Investindustrial is a leading European group of independently managed investment, holding and advisory companies with €11 billion of raised fund capital. With ESG principles deeply embedded into the Firm’s core approach, Investindustrial has a 30 year history of providing mid-market companies capital, industrial expertise, operational focus and global platforms to accelerate sustainable value creation and international expansion. Certain companies of the Investindustrial group are authorized by, and subject to regulatory supervision of the FCA in the United Kingdom and the CSSF in Luxembourg. Investindustrial’s investment companies act independently from each other and each Investindustrial fund. Additional information is available at www.investindustrial.com.