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Hexion Specialty Chemicals

Third-largest North American specialty chemical company.

Headquarters: 180 East Broad Street
Columbus, OH 43215
Employees: 7,000
CEO: Craig Morrison
Privately held

Website: http://www.hexionchem.com

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Hexion Specialty Chemicals is the worlds largest producer of thermosetting resins and third-largest North American-based specialty chemical company. Hexion Specialty Chemicals has the broadest range of thermoset resin technologies to offer the market, with world-class research, applications development and technical service capabilities.

Hexion Specialty Chemicals operates in two primary segments: Adhesive & Structural and Coating.

Adhesive & Structural includes: Formaldehyde based phenolic and amino resins; Epoxy resins and intermediates; Composite Resins (UPR and Epoxy); Phenolic coated substrates (sand & ceramic); Molding compounds

Coating includes: Epoxy resins; Acrylic resins; Polyester resins; Alkyd resins; Inks resin vehicles & additives; Versatic acids and derivatives

Hexion has 94 production and distribution facilities in various countries in the Americas, Europe and the Asia-Pacific region, and approximately 7,000 employees.

For 2005, Hexion reported revenues of $4.5 billion and net loss of $87 million.

History

Borden Chemical, Inc., Resolution Performance Products LLC (RPP) and Resolution Specialty Materials LLC (RSM) merged (together with Bakelite AG, which Borden Chemical acquired) to form Hexion Specialty Chemicals, Inc, in 2005. Hexion Specialty Chemicals is owned by an affiliate of the private investment firm Apollo Management, L.P.

Updated April 25, 2006

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