Borden Chemicals, leading supplier of thermoset and other high performance resins, adhesives and specialty materials has acquired Bakelite AG from its parent company, Rütgers. The acquisition is integral to Borden Chemical's plan to form the world's largest producer of thermosetting resins and specialty materials by merging with Resolution Performance Products LLC and Resolution Specialty Materials LLC.
The new combined company will be named Hexion Specialty Chemicals, Inc. The Bakelite business shall continue to have its headquarter in Iserlohn-Letmathe. This manufacturing plant will enable to serve customers regardless of location, and will provide an efficient network to rapidly move new technologies and products to markets around the world.
The Bakelite acquisition will serve to strengthen the company's presence in continental Europe, and will also provide additional phenolic resin technology and products, and a new technology platform in epoxy resins. With this announced merger, the resulting combined company will be a leader in providing a comprehensive range of thermoset bonding and binding solutions to industrial customers.
Bakelite is recognized for its strong technical solutions that deliver value across a broad range of customer applications and is one of the best-known names in the synthetic resins having 13 manufacturing operations spread across Europe and Asia in Germany, Finland, Italy, Spain, the Czech Republic and Korea. Including Bakelite, Borden Chemical now has 61 manufacturing locations throughout North and South America, Europe and Asia serving strategic global markets. At the conclusion of this merger with the Resolution companies, the combined Hexion Specialty Chemicals entity will have 86 manufacturing locations worldwide.
04-May-05 
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