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Mergers & Acquisitions
Bakelite to acquire Georgia-Pacific’s phenolics business
by Alexander H. Tullo
December 4, 2021
| A version of this story appeared in
Volume 99, Issue 44
Bakelite Synthetics will buy the formaldehyde-based phenolic resins business of Georgia-Pacific for an undisclosed sum. The business makes resins for wood products, coatings, adhesives, and other applications. It employs 600 people and operates 10 plants in North and South America. Bakelite was formed by the private equity firms Black Diamond and Investindustrial after they bought Hexion’s phenolic resins business in April for $425 million. That business has annual sales of $530 million.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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