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Thermoset resins.
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01 Feb 2006 - United States
Hexion Specialty Chemicals completes purchase of coatings & adhesives business from the Rhodia Group
Hexion Specialty Chemicals, Inc., the world’s largest producer of thermoset resins, announced it has completed its purchase of the decorative coatings and adhesives business unit of The Rhodia Group.
The business produces emulsion and powder latexes, pressure sensitive adhesives and anti-foam agents, acrylic resins and coating latexes for various applications and markets from 8 locations in Europe, Latin America and the Asia-Pacific region. It had 2004 sales of €150 million and employs approximately 440 people. It will become part of Hexion’s Coatings & Inks Division, which produces thermoset resins and materials for diverse markets including coatings, inks and composites. The manufacturing facilities are located in Ribècourt and Bolbec, France; Leuna, Germany; Asua, Spain; Paulinia, Brazil; Clayton, The United Kingdom; Boxhill, Australia; and, Samutsakorn, Thailand.
“This acquisition is the latest part of our ongoing effort to build a leading position in the coatings and inks markets and to bring our customers globally the best technologies and products that meet their application needs,” said Jeff Nodland, president of Hexion’s Coatings & Inks Division. “Along with the business come an excellent team of people and strategically located manufacturing sites that will help us better serve our customers. We believe this transaction brings value not only to Hexion, but to the industries we serve.”
About Hexion Specialty Chemicals, Inc.
Based in Columbus, Ohio, Hexion Specialty Chemicals combines the former Borden Chemical, Bakelite, Resolution Performance Products and Resolution Specialty Materials companies into the global leader in thermoset resins. Hexion serves the global wood 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. Hexion Specialty Chemicals is owned by an affiliate of Apollo Management, L.P.
Source : Hexion
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