Hexion

  (Redirected from Momentive Specialty Chemicals)

Hexion Inc. (Hexion), previously Momentive Specialty Chemicals Inc.,[2] is a chemical company based in Columbus, Ohio. It produces thermoset resins and related technologies and specialty products.

Hexion Inc.
Public
IndustryChemical
PredecessorMomentive Specialty Chemicals, Borden Chemical
Headquarters
Columbus, Ohio
OwnerApollo Global Management
Number of employees
4,300[1] (2017)
Websitewww.hexion.com

Hexion is organized into two divisions: the Epoxy, Phenolic and Coating Resins Division, and the Forest Products Division.

Corporate structureEdit

Hexion was formed in 2005 through the merger of Borden Chemicals, Resolution Performance Products, and Resolution Specialty Materials, and the acquisition of Bakelite AG. In 2010, the parent holding companies of Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. merged to form Momentive Performance Materials Holdings LLC .[3] In 2015, this combined company renamed itself to Hexion Inc. On April 1, 2019, the company filed for bankruptcy according to chapter 11, title 11 of the federal Bankruptcy Code.[4]

In February 2020, Hexion Inc. announced that it has entered into a definitive agreement to sell its manufacturing site to a joint venture led by Master Paints & Chemical Corporation.[5][6]

ReferencesEdit

  1. ^ "Hexion". Fortune. Retrieved 2019-02-08.
  2. ^ "Hexion". Fortune. Retrieved 2019-02-08.
  3. ^ Jacob, Amanda (September 17, 2010). "Momentive and Hexion announce merger". Materials Today. Retrieved 2016-09-29.
  4. ^ "Momentive Specialty Chemicals Inc. to be Renamed Hexion Inc. in Early 2015". www.businesswire.com. Business Wire. Retrieved 2016-09-29.
  5. ^ "Hexion Inc. Announces Sale of Colombia Manufacturing Site". finance.yahoo.com. Retrieved 2020-02-25.
  6. ^ KG, Vincentz Network GmbH & Co. "Hexion announces sale of Colombia manufacturing site". European Coatings. Retrieved 2020-03-03.

See alsoEdit

External linksEdit