Hexion Holdings Corp. has announced the closing of its acquisition by affiliates of American Securities LLC. With 26 manufacturing facilities globally and approximately 1,300 employees, the company produces adhesives and performance materials that enable the production of engineered wood products and other growing specialty materials.
“We look forward to continuing to serve our valued customers and accelerating our next phase of growth under American Securities’ ownership,” said Craig Rogerson, chairman, president, and CEO. “During 2021, we dramatically streamlined our portfolio through the sale of our Epoxy, as well as Phenolic Specialty Resins and European Forest Products, businesses. Going forward, we believe we are well-positioned for long-term growth.”
According to Scott Wolff, a managing director of American Securities, “Hexion is a market leader and leverages deep chemistry and application knowledge to support its customers in diverse end markets. Over time, the Company has optimized its portfolio and transformed its operations, and we are thrilled to partner with Hexion to support the next chapter of the Company’s growth.”
Visit www.hexion.com for more information.