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BDA Advises Hexion on Sale of China Phenolic Resins Plant to Red Avenue


BDA Advises Hexion on Sale of China Phenolic Resins Plant to Red Avenue
New York, NY, March 08, 2021 (PR.com) BDA Partners is pleased to announce that its client, Hexion Inc., has sold its China phenolic resins plant to Red Avenue New Materials Group Co. Ltd. (“Red Avenue”), a publicly listed Chinese company providing diversified new materials for electronics, environmental protection, tire, and auto markets. Terms of the transaction were not disclosed.
Hexion’s China phenolic resins plant was part of Hexion’s global Phenolic Resins (PSR) division, which has separately been acquired by Black Diamond and Investindustrial. The PSR business is an established technology leader with a long track record for quality and reliability. ....

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