COLUMBUS, Ohio – (December 1, 2014) – Momentive Specialty Chemicals Inc. today announced that it will change its name to Hexion Inc., effective January 15, 2015.
“We are pleased to leverage the rich legacy of the Hexion name, which already has significant name recognition in the marketplace, and believe it better aligns with our company heritage,” said Craig Morrison, Chairman, President and CEO. “With significant market positions, we look forward to leveraging our specialty portfolio to continue serving our global customers. Our leading product brands, such as EPIKOTE™, EPIKURE™, Oilplus™ resin coated proppants, and various types of forest product resins and formaldehyde solutions, remain unchanged other than they are now under the Hexion Inc. umbrella.”
Momentive Specialty Chemicals has also recently completed or announced a number of strategic growth initiatives in 2014, including: the acquisition of an oilfield facility in Shreveport, Louisiana; a new epoxy resin and curing agent production facility in Itatiba, Brazil; a phenolic specialty resins joint venture manufacturing facility in China, which is expected to be operational in the fourth quarter of this year; and three formaldehyde facilities, which are expected come online in late 2015 and 2016, respectively.
About the Company
Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. is the global leader in thermoset resins. Momentive Specialty Chemicals Inc. serves the global wood 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. Momentive Specialty Chemicals is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive Specialty Chemicals and its products are available at www.momentive.com.
Leawood, KS, December 18, 2014 – Peninsula Polymers, the North American leader in specialty chemical distribution, is pleased to announce expanded recognition for WPC Technologies product line into New York, New Jersey, and the New England states effective January 1, 2015.
“We are excited to promote WPC to our customers in this geography and deliver the success we have experienced in the Midwest to other areas of our business,” said Ken Menzel, Director of Supplier Relations. “WPC is a valued supplier and we look forward to continued mutual advancement in the NE market.”
“We have been pleased with the representation we have received from Peninsula Polymers and are enthusiastic about the potential to expand and strengthen our partnership,” said Gary Krall, CEO WPC Technologies. “Our goal is to increase our presence in North America by delivering high quality and technologically advanced products to the market. We believe Peninsula Polymers can help us to accomplish that objective.”
About WPC Technologies
WPC Technologies is recognized as a driving force in the development and manufacturing of innovative products for the coating industry – leading the way in corrosion and stain inhibitive technology. Established in 1974 and headquartered in Milwaukee, Wisconsin, WPC Technologies is driven to provide high performance, high quality products and is committed to meeting the complex demands of the coatings’ industry.
About Peninsula Polymers
Peninsula Polymers is a distributor of specialty coatings raw materials and has been serving customers in North America for over 20 years. With eight distribution centers located across the United States, Peninsula Polymers partners with the most technologically advanced suppliers to deliver a full complement of products and technical expertise to diverse industries.
If you would like additional information, please contact Kelly Schmit, Director Business Development at [email protected].