Printer Friendly

Borden Chemical, Resolution merge to form Hexion Specialty Chemicals.

Borden Chemical, Inc., Resolution Performance Products LLC, and Resolution Specialty Materials LLC have announced the completion of their merger to form Hexion Specialty Chemicals, Inc. All three businesses are owned by affiliates of Apollo Management, 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 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.
COPYRIGHT 2005 Federation of Societies for Coatings Technology
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business & Industry
Publication:JCT CoatingsTech
Geographic Code:1USA
Date:Aug 1, 2005
Previous Article:New York Society may meeting.
Next Article:Astaris to open R & D facility.

Related Articles
Apollo Management, L.P. to acquire Borden Chemical, Inc.
Borden Chemical Inc., Resolution Performance Products LLC and Resolution Specialty Materials LLC completed their combination to form Hexion Specialty...
New members.
Hexion acquires Rhodia's Latex business; Offer pending on Akzo Nobel's Ink and Adhesive Resins.
Rohm and Haas wax compounds sold to Hexion.
Hexion Specialty Chemicals.
GE divests silicones business.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters