ASK Chemicals Acquires Hexion’s European Business
November 4, 2015
ASK Chemicals, Hilden, Germany, has acquired the European portfolio of Hexion Inc., Columbus Ohio, a manufacturer of phenolic and furan resins and other specialty products used in the metalcasting industry. The two companies have agreed on the purchase of Hexion’s European business and a long-term toll manufacturing agreement that will have Hexion continue to manufacture products for ASK Chemicals.
“This acquisition is an important step in our growth strategy,” said Frank Coenen, Chief Executive Officer of ASK Chemicals. “With these new products, ASK Chemicals is able to offer our customers an even broader portfolio of nobake and furan resins.”