Bakelite Acquires Sestec to Boost Bio-based Adhesives Offering
Bakelite has successfully acquired Sestec, a Poland-based company, for its sustainable protein-based adhesives for wood and composite products.
Bakelite
Bakelite Acquires LRBG Chemicals
Bakelite Synthetics, the US manufacturer of phenolic resins and adhesives, acquires LRBG Chemicals, a Canadian manufacturer and developer of resins based in Longueuil, Quebec.
Bakelite Synthetics Buys Georgia-Pacific Chemicals
Bakelite Synthetics – formerly part of US resins producer Hexion – has closed its purchase of Georgia-Pacific Chemicals. Financial terms were not disclosed.
Hexion Holding to be Sold to American Securities
The backers of Hexion Holdings have agreed to sell the company to private equity investor American Securities for $30 per share in cash. The transaction is expected to complete in the first half of 2022, following the closing of the sale of its Epoxy business to Westlake Chemical. That deal is still subject to shareholder and regulatory approval.
