# 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.

- Type: Acquisition
- Announced: 2023-11-08
- Where: United States
- Value: $425.0M
- Status: announced
- Products: phenolic speciality resins, hexamine, forest products 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 Capital Management](https://endata.com/companies/24366.md) (acquirer)

## Sources

- [unquote.com](https://www.unquote.com/unquote/news/3021198/investindustrial-black-diamond-buy-hexion-psr-for-usd425m), 2023-11-08: "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."

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