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Business
Hexion plans adhesives buy ...
September 4, 2006
| A version of this story appeared in
Volume 84, Issue 36
Hexion Specialty Chemicals has signed a definitive agreement to buy the adhesives and resins business of Australia-based Orica. The sale includes formaldehyde and formaldehyde-based resins businesses located in Deer Park, Australia, and in Mountview and Hornby, New Zealand. Hexion says the business had sales in 2005 of $104 million, and the purchase will allow it to expand its thermoset resins business in the Asia-Pacific region.
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