Hexion Holdings Corp. has completed the previously announced sale of its epoxy-based Coatings and Composite businesses, which includes the epoxy specialty resins and base epoxy resins and intermediates product lines (together, the Epoxy Business), for approximately $1.2 billion to Westlake Chemical Corp. With the completion of the transaction, Hexion consists of the company’s existing Adhesives and Versatic™ Acids and Derivatives product lines.

“We are pleased to complete the sale of our Epoxy Business as part of our strategic efforts to maximize value for our shareholders and take actions that are in the best interests of all of our stakeholders,” said Craig Rogerson, chairman, president, and CEO. “On behalf of everyone at Hexion, I would like to thank the epoxy team again for their many contributions and I am confident they will have continued success with Westlake as Epoxy’s new owner.”

For more information, visit www.hexion.com and www.westlake.com.