Hexion sells its Forest Product Resins business

US-based thermoset resin producer Hexion will sell its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses to Black Diamond and Investindustrial. The deal is worth $425 million. Black Diamond and Investindustrial are European investment companies. The business to be sold by Hexion posted sales of $530 million for the twelve months ending on…...

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