Borden Chemical, Inc., Resolution
Performance Products LLC and
Resolution Specialty Materials have
combined to form Hexion Specialty
Chemicals, Inc., creating one of the
world’s largest producers of thermosetting
resins. Hexion also includes
Bakelite AG, which Borden Chemical
acquired in late April.
Hexion Specialty Chemicals, which
will be headquartered in Columbus,
OH, had 2004 annual net sales of $4.1
billion. The company has approximately
7,000 employees and will rank
third among North American-based
specialty chemical firms. With 86
manufacturing and distribution sites
in 18 countries, the company’s major
product areas include formaldehyde,
epoxy and phenolic resins, molding
compounds, coating resins, acrylics,
alkyds and polyester resins. For more
info go to www.hexionchem.com.