Hüttenes-Albertus Announces Purchase of Hexion's Interest in HA-International, LLC
June 1, 2016
DüSSELDORF, Germany and COLUMBUS, Ohio, USA / - (June 1, 2016) - Hexion Inc. ("Hexion") and Hüttenes-
Albertus Chemische Werke GmbH ("HA") today announced that Hexion has sold its 50% interest in HA-International,
LLC ("HAI"), a joint venture serving the North American foundry industry, to its joint venture partner HA-USA, Inc.,
an entity controlled by HA.
HAI is the market leading manufacturer and supplier of foundry resin systems, resin coated sand for shell molding
and refractory coatings for North America. HAI will continue a strategic sourcing arrangement with Hexion's
Louisville, Kentucky site. Terms of the transaction were not disclosed.
Read more in our Press Release.