American Securities Completes Acquisition of Hexion Holdings
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.”