# Bakelite Synthetics to acquire Georgia-Pacific's phenolics business

Bakelite Synthetics will buy the formaldehyde-based phenolic resins business of Georgia-Pacific for an undisclosed sum. The business employs 600 people and operates 10 plants in North and South America.

- Type: Acquisition
- Announced: 2021-12-04
- Jobs: 600
- Status: announced
- Products: formaldehyde-based phenolic resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Georgia-Pacific](https://endata.com/companies/1870.md) (target)
- [Bakelite Synthetics](https://endata.com/companies/57663.md) (acquirer)

## Sources

- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Bakelite-acquire-Georgia-Pacifics-phenolics/99/i44), 2021-12-04: "Bakelite Synthetics will buy the formaldehyde-based phenolic resins business of Georgia-Pacific for an undisclosed sum."

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