# Black Diamond and Investindustrial acquire Hexion's Phenolic Speciality Resins business

The European Commission approved the acquisition of Hexion's Phenolic Speciality Resins business by Black Diamond and Investindustrial, concluding no competition concerns.

- Type: Acquisition
- Announced: 2021-03-16
- Value: $425.0M
- Status: completed
- Products: phenolic speciality resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [eulawlive.com](https://eulawlive.com/acquisition-of-hexions-phenolic-speciality-resins-business-by-black-diamond-and-investindustrial-approval-decision-published/), 2021-03-16: "The Commission concluded that the proposed acquisition would raise no competition concerns."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=27), 2021-04-08: "Hexion Inc. recently announced that it has completed the sale of its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses."

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