• PT Youtube
  • PT Facebook
  • PT Linkedin
  • PT Twitter
7/24/2007

Hexion to Buy Huntsman Corp.

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Huntsman Corp., Salt Lake City, has agreed to a defi nitive merger agreement with Hexion Specialty Chemicals, Inc., Columbus, Ohio, an Apollo Management, L.P. portfolio company and a global leader in thermoset resins, including vinyl esters, unsaturated polyesters, and epoxies.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon
Huntsman Corp., Salt Lake City, has agreed to a defi nitive merger agreement with Hexion Specialty Chemicals, Inc., Columbus, Ohio, an Apollo Management, L.P. portfolio company and a global leader in thermoset resins, including vinyl esters, unsaturated polyesters, and epoxies. Hexion’s proposal was preferred by Huntsman’s Board of Directors to an earlier merger agreement with Basell, which was terminated. One of the major gains for Hexion in this acquisition is Huntsman’s polyurethanes business. Huntsman also makes TPUs, TiO2 pigments, Araldite epoxies and adhesives, and Ren-Shape modeling boards and stereolithography resins, as well as chemicals such as maleic anhydride (used in thermoset polyesters). Huntsman agreed back in February to sell its U.S. polymers (PP, PE, EPS bead) and base chemicals (olefi ns and aromatics) businesses to Flint Hills Resources, LLC, sub. of Koch Industries, Wichita, Kan. The deal is expected to be concluded next month. Hexion: (614) 225-4127/www.hexionchem.com • Huntsman: (281) 719-6624/www.huntsman.com
Hand holding a crystal ball

We’d rather send you $15 than rely on our crystal ball…

It’s Capital Spending Survey season and the manufacturing industry is counting on you to participate! Odds are that you received our 5-minute Plastics survey from Plastics Technology in your mail or email. Fill it out and we’ll email you $15 to exchange for your choice of gift card or charitable donation. Are you in the U.S. and not sure you received the survey? Contact us to access it.

Help us inform the industry and everybody benefits.

RELATED CONTENT

  • Natural Gas Boom: What Will It Mean for Plastics Processors?

    Plentiful shale gas promises to keep domestic polyolefin production costs among the lowest in the world. Whether (and when) you will see savings is debatable.

  • TPEs Move Up the Performance Scale

    This first of two articles on directions in TPE development focuses on styrenic, copolyester, polyamide, and TP urethane elastomers. The following article covers olefinics—TPOs, TPVs, and POEs.

  • New Olefin Block Copolymers Stretch TPE Processability and Cost Performance

    A developmental family of novel olefin block copolymers (OBCs) from Dow Chemical Co. is lauded as a breakthrough in olefinic thermoplastic elastomers due to a unique block structure, which reportedly delivers novel combinations of end-use properties and processability at a “cost-in-use” competitive with materials such as TPVs, TPUs, and styrenic block-copolymer (SBC) TPEs.


Resources