Manufacturing Industry
Hexion to buy Huntsman Corp.(Your Business: In Brief)
Plastics Technology, August, 2007
Huntsman Corp., Salt Lake City, has agreed to a definitive 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, Ti[O.sub.2] 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....
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