# Hexion Holdings plans to separate into two independent companies

Hexion Holdings Corp. announced its plan to separate into two independent companies.

- Type: Acquisition
- Announced: 2021-05-12
- Where: United States
- Value: $425.0M
- Status: announced
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [pcimag.com](https://www.pcimag.com/articles/topic/4567-news?page=408), 2021-05-20: "Hexion Holdings Corp. recently announced its plan to separate into two independent companies."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=22), 2021-05-24: "Hexion Completes Sale of Phenolic Specialty Resins, 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.