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11-29-2007

Hexion/Arkema: Takeover of Resin Business

Hexion Specialty Chemicals, Columbus, OH, USA, manufacturer of thermoset resins announced its acquisition of the German resin and formaldehyde business of Arkema GmbH, Leuna, Germany. The headquarters will remain at the Arkema site in the Leuna industrial park, Saxony-Anhalt, Germany. Formaldehyde products and formaldehyde-based resins are produced here. In 2006, Arkema achieved sales of around EUR 101 million with 100 employees at this site. The managing director of the company, renamed Hexion Specialty Chemicals Forest Products GmbH, will be Dale Plante.

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