Hexion Holdings to Divide into Two Companies

Hexion Holdings, Columbus, OH, announced plans to separate into two different companies. The two companies will be Hexion Holdings, comprising of the company’s adhesives, acids and derivatives lines, and Hexion Coatings and Composites (HCC) which will include epoxy-based coatings and composites products. HCC’s U.S. headquarters will be in Stafford, TX and the company will be renamed in the future. The transaction is expected to take place in the fourth quarter of this year.  See Hexion