# Hexion to sell phenolic specialty resins and other businesses for $425 million

Hexion Inc. entered a definitive agreement to sell its phenolic specialty resins, hexamine, and forest products resins businesses to Black Diamond and Investindustrial for approximately $425 million, including 11 manufacturing facilities.

- Type: Acquisition
- Announced: 2020-07-23
- Where: Treviso, Italy, Italy
- Value: $425.0M
- Jobs: 900
- Status: announced
- Products: phenolic specialty resins, hexamine, forest products resins, engineered thermoset molding compounds
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Investindustrial](https://endata.com/companies/2585.md) (acquirer)
- [Hexion](https://endata.com/companies/22326.md) (partner)
- [Black Diamond](https://endata.com/companies/48788.md) (acquirer)
- [Della Toffola](https://endata.com/companies/49649.md) (target)

## Sources

- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=31), 2020-07-23: "Hexion Inc. recently announced that it has entered into a definitive agreement to sell multiple businesses to Black Diamond and Investindustrial for approximately $425 million."
- [efanews.eu](https://www.efanews.eu/item/13140-investindustrial-acquires-della-toffola.html), 2020-09-01: "As part of the deal, the family will remain minority shareholders with 26.5 per cent of the business."

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