Hexion Inc. recently announced that it is working to complete a limited number of the necessary government approvals and other customary closing conditions to complete the sale of its phenolic specialty resin, hexamine, and Europe-based forest products resins businesses. As a result, the company now expects the transaction to close on April 30, 2021.

Hexion announced in September 2020 that it had entered into an agreement to sell the businesses to Black Diamond and Investindustrial for approximately $425 million. The transaction was originally expected to close in the first quarter of 2021.

Learn more about Hexion at www.hexion.com. For more information about Black Diamond, visit www.bdcm.com. Visit www.investindustrial.com to learn more about Investindustrial.