Hexion sells phenolic resins business to Black Diamond and Investindustrial for $425M

Hexion is selling its phenolic resin, hexamine, and European forest-product resin businesses to private equity firms Black Diamond and Investindustrial for $425 million. The businesses include the Bakelite brand and generated $530 million in sales over the past 12 months.

“The businesses, which include the fabled Bakelite brand, generated $530 million in sales over the past 12 months.”cen.acs.org

• 1 source
• cen.acs.orgHexion will sell phenolic resins unitAlexander H. TulloOct 2, 2020

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