Phenolic Resins, Circular Economy Investments, and Oil Pivots
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source Mergers and Acquisitions: Hexion sold their global specialty phenolics, Hexamine, and European forest products business this week for $335 million. The combined revenue of this business was about $530 million and the majority of the business will be located in Europe. The only specialty phenolic plant in North America is located in Louisville, KY and this was the first place I worked out of graduate school. One thing I wonder about the details of the deal would be the sale of the integrated formaldehyde plants at each of their manufacturing locations. If the sale includes the formaldehyde plants this is a great buy, but I anticipate that it does not. I believe that Hexion ultimately will move towards selling portions of their coatings business and spinning out their formaldehyde business on its own. The press release can be read
Phenolic Resins, Circular Economy Investments, and Oil Pivots
Phenolic Resins, Circular Economy…
Phenolic Resins, Circular Economy Investments, and Oil Pivots
source Mergers and Acquisitions: Hexion sold their global specialty phenolics, Hexamine, and European forest products business this week for $335 million. The combined revenue of this business was about $530 million and the majority of the business will be located in Europe. The only specialty phenolic plant in North America is located in Louisville, KY and this was the first place I worked out of graduate school. One thing I wonder about the details of the deal would be the sale of the integrated formaldehyde plants at each of their manufacturing locations. If the sale includes the formaldehyde plants this is a great buy, but I anticipate that it does not. I believe that Hexion ultimately will move towards selling portions of their coatings business and spinning out their formaldehyde business on its own. The press release can be read