# Hexion sells Colombia manufacturing site to Master Paints joint venture

Hexion Inc. entered into a definitive agreement to sell its manufacturing site in Yumbo, Colombia to a joint venture led by Master Paints & Chemical Corporation. The site produces decorative paints and employs approximately 150 people.

- Type: Acquisition
- Announced: 2020-02-24
- Where: Yumbo, Colombia
- Jobs: 150
- Status: announced
- Products: decorative paints, private-label paints, resins, asphalt
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hexion](https://endata.com/companies/22326.md)
- [Master Paints & Chemical Corporation](https://endata.com/companies/45482.md) (acquirer)

## Sources

- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/hexion-inc-announces-sale-of-colombia-manufacturing-site/), 2020-02-24: "We believe the Yumbo site's diversified manufacturing capabilities and strong track record of safe operations will serve Master Paints well going forward."

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