COLUMBUS, OH - Hexion Inc. announced that it is working to complete a limited number of the necessary government approvals and other customary closing conditions to complete the sale of its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses. As a result, the company now expects the transaction to close on April 30, 2021.

Hexion announced in September 2020 that it has entered into a definitive agreement to sell its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses for approximately $425 million to Black Diamond and Investindustrial. At that time, the company stated that it expects the transaction to close in the first quarter of 2021.

Learn more at www.hexion.com.