Debevoise & Plimpton LLP is advising Morgan Stanley as financial advisor to Hexion in its sale to private equity firm American Securities. The transaction is expected to close in the first half of 2022, following and conditioned upon the closing of the Company’s previously announced sale of its Epoxy business to Westlake Chemical Corporation (NYSE: WLK) (“Westlake”), shareholder and regulatory approvals and satisfaction of other customary closing conditions. For more information, please read the company’s press release.
Hexion serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. American Securities is a leading U.S. private equity firm that invests in market-leading North American companies.
The Debevoise team includes M&A partners Michael Diz and William Regner.