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Materials

Hexion sells a polymers business

by Michael McCoy
March 28, 2016 | APPEARED IN VOLUME 94, ISSUE 13

The specialty chemical maker Hexion is selling its performance adhesives and coatings business to the British firm Synthomer for $226 million. The business had $370 million in sales last year of polymer dispersions, additives, powder coatings, and monomers from seven sites across the U.S., Europe, and Asia. Synthomer, a maker of emulsion polymers, says the purchase will strengthen its position in the adhesives and coatings market.

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