Investindustrial and Black Diamond acquire Hexion PSR for $425M

Investindustrial and Black Diamond have carved out the speciality resins business Hexion PSR from Hexion for $425 million, including $335 million in cash and assumed liabilities. The acquisition includes the phenolic speciality resin hexamine and Hexion's Europe-based forest products resins divisions.

“We are pleased to acquire these strategic assets, as these businesses boast globally recognisable brands and trademarks, including Bakelite, Durite, Cellobond and Resonance, as well as world-class facilities and a leading R&D and technical service platform.”unquote.com

• 1 source
• unquote.comInvestindustrial, Black Diamond buy Hexion PSR for $425m | UnquoteAlessia ArgentieriNov 8, 2023

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