Hexion To Acquire Arkema Resins Line | Chemical & Engineering News
Volume 85 Issue 23 | p. 18 | Concentrates
Issue Date: June 4, 2007

Hexion To Acquire Arkema Resins Line

Department: Business

Hexion Specialty Chemicals will buy Arkema's formaldehyde-based resins business. Located in Leuna, Germany, the Arkema unit employs 100 people and has annual sales of $134 million from resins used to manufacture engineered wood panels. The purchase marks Arkema's exit from the formaldehyde resins business following the earlier shutdown of resins production in Villers-Saint-Paul, France.

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