Hexion PAC develops, manufactures and markets a wide array of dispersions, additives, powder coatings and speciality monomers, supplying a global customer base across a broad range of end-use including coatings, adhesives and for building and construction applications. The business employs approximately 750 employees and operates seven sites across Europe, the US and Asia.
In 2015, Hexion PAC generated sales of $370 million and EBITDA of $30 million. The existing leadership team of Hexion PAC will transfer with the business to Synthomer.
The acquisition of HEXION PAC significantly strengthens Synthomer’s position in the performance adhesives and coatings market, offering access to new product technologies, customers and markets. Following completion, the Group will have a stronger platform from which to continue its growth aspirations in the Speciality Coatings market.