Borden Chemical, Resolution merge to form Hexion Specialty Chemicals.Borden Chemical, Inc., Resolution Performance Products LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and Resolution Specialty Materials LLC have announced the completion of their merger to form Hexion Specialty Chemicals Hexion Specialty Chemicals, Inc. is a Fortune 500 company based in Columbus, Ohio that is the world’s largest producer of binder, adhesive, coating and ink resins for industrial applications. , Inc. All three businesses are owned by affiliates of Apollo Management Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in New York, it also has offices in Los Angeles and London. It has invested over $16 billion in companies inside and outside the of the United States. , L.P., a private investment firm. The new Hexion Specialty Chemicals also includes Bakelite AG, a company that Borden Chemical previously announced they would be acquiring. This resultant company, Hexion Specialty Chemicals, is now reportedly the world's largest producer of thermosetting resins. It has 86 plants in 18 countries and is headquartered in Columbus, OH. Hexion's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. is Craig Morrison, who previously held these positions with Borden Chemical. Apollo Management plans to take the combined Hexion company public through an initial public offering of stock later this year. |
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