Issue Date: June 4, 2007
Hexion To Acquire Arkema Resins Line
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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