Borden Chemical, Resolution merge to form Hexion Specialty Chemicals.
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 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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|Title Annotation:||Business & Industry|
|Date:||Aug 1, 2005|
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