# Münzing Chemie acquires Hexion's additives technology group for $50 million

Hexion sold its additives technology group (ATG) to Münzing Chemie for approximately $50 million. The sale includes manufacturing sites in Somersby, Australia, and Sungai Petani, Malaysia, and produces specialty chemicals for engineered wood, paper impregnation, and laminating industries.

- Type: Acquisition
- Announced: 2018-01-19
- Where: United States
- Value: $50.0M
- Status: completed
- Products: catalysts, release agents, wetting agents for engineered wood, paper impregnation, laminating
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hexion](https://endata.com/companies/22326.md)
- [Hexion](https://endata.com/companies/22326.md) (target)
- [Münzing Chemie](https://endata.com/companies/29480.md) (acquirer)

## Sources

- [chemanager-online.com](https://chemanager-online.com/en/news/hexion-sells-additives-technology-to-muenzing), 2018-01-19: "We are pleased to successfully complete the sale of our ATG business."
- [pcimag.com](https://www.pcimag.com/articles/104380-hexion-inc-sells-additives-technology-group-business), 2018-01-19: "Hexion Inc. has sold its Additives Technology Group (ATG) business to MÜNZING CHEMIE GmbH."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.